OREANDA-NEWS.  November 17, 2014. By the end of Q3 2014, assets of the IBA-Georgia, subsidiary of the International Bank of Azerbaijan OJSC, totaled 128.15 million lari.

According to the IBA Press Service, loan portfolio of the Georgian bank made up 95.5 million lari with 10.71 million lari reserves.

By the end of the reporting period the total volume of the bank’s liabilities reached 100.34 million lari. The funds at current accounts and in deposits increased more than 3.5-fold over the year and made up 24.34 million lari.

Charter capital of the IBA-Georgia totaled 22.69 million lari by the end of September, 2014. The total capital of the bank reached 27.81 million lari. Its volume increased by 9.5% over the year.

Net interest income of the IBA-Georgia totaled 4.81 million lari by the end of Q3 2014.

The bank closed Q3 with net income at the level of 2.54 million lari. It grew 2.9-fold over the year.

The IBA-Georgia was registered with the Georgian Ministry of Justice in November 2006.

The exchange rate is about 1 lari to 0.4485 manat.