IFC helps Azerbaijan`s Turan Bank support international traders

22.08.2014 [10:37]
IFC, a member of the World Bank Group, is helping Azerbaijan’s Turan Bank train its staff to reduce risks related to trade finance, provide better solutions for small international traders, and support their efforts to expand and tap foreign markets ...

AccessBank attracts USD 15m for energy efficiency projects from The Green for Growth Fund

31.07.2014 [13:37]
The Green for Growth Fund (GGF) is providing a USD 15m loan to AccessBank. The GGF loan will enable AccessBank to substantially increase its financing of energy efficiency projects and foster its role as a pioneer in energy efficiency financing in ...

“FINCA Azerbaijan” holds events in its Gabala and Ismailli branches

25.07.2014 [19:28]
“FINCA Azerbaijan” Non-Bank Credit Organization held the opening ceremony of a new branch office in Gabala region on July 23. New modern office that meets all the requirements of FINCA standards along with providing comfortableness for clients will also ensure high quality service provision ...

AccessBank wins Euromoney “Best Bank in Azerbaijan” Award for fifth time

21.07.2014 [15:34]
AccessBank won the award for "Best Bank in Azerbaijan" at the annual Euromoney "Awards for Excellence" in London. The Bank has received this award for the fifth consecutive year. The Euromoney awards are among the most prestigious in the financial world and are given to leading banks and financial institutions in more than 100 countries. The awards ...

ADB organizes regional workshop on Risk Management of SME Lending

04.07.2014 [13:42]
On 1-4 of July, a regional workshop on Risk Management of Small & Medium Enterprise (SME) Lending hosted by Asian Development Bank (ADB) was held in Baku. 37 participants representing banks and development funds of Afghanistan, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Uzbekistan and Tajikistan attended this workshop. ...

Investment Banking Office of Bank IBA-MOSCOW launches structural product Freewill

30.05.2014 [17:46]
Bank IBA-MOSCOW launches structural product Freewill, combining classical banking services and investments in securities, which allows use of different tools in order to increase the yield above the level of bank deposits ...

5th Azerbaijan International Insurance forum to be held in June

28.04.2014 [13:08]
The 5th Azerbaijan International Insurance forum will take place in June. Organized by the Azerbaijan Insurers Association, the forum will focus on a wide range of issues, including agricultural insurance, insurance against catastrophic risks, reinsurance, ...

IBA, Berkeley Group launch new project

24.04.2014 [13:09]
The International Bank of Azerbaijan and the Berkeley Group Holdings have embarked on a new project that would allow VIP customers of the bank buy property in London. Alexandra Stack, Sales Manager at Berkeley International, said the IBA customers could purchase flats in London through both in-cash payments and mortgage loans ...

International Bank of Azerbaijan raises $160m dual currency syndicated loan

14.04.2014 [20:04]
The International Bank of Azerbaijan has signed a $160 million Dual Currency Syndicated Term Loan Facility, with tranches of $48 million and 81 million euro. The Facility has a term of 1-year ...

International Bank of Azerbaijan named “Best Local Bank” by EMEA Finance magazine

08.04.2014 [17:49]
The International Bank of Azerbaijan (IBA) has been named “Best Local Bank” by EMEA Finance magazine, the leading information and analytical publication in Europe. The London-based EMEA Finance magazine is dedicated to the finance sectors in Europe, Middle East and Africa. Its readership includes financial institutions from throughout ...

Azerbaijan raises $1.25bn in international bond debut

12.03.2014 [17:23]
Azerbaijan has raised $1.25bn in its first international bond sale, in a sign of continued investor interest in emerging economy debt. Azerbaijan sold a benchmark 10-year bond with a 5 per cent yield ...

IMF delegation visits Azerbaijani Central Bank

05.03.2014 [11:37]
Head of the Central Bank of Azerbaijan (CBA) Elman Rustamov has met a delegation of the International Monetary Fund's (IMF) Mission to the country. Elman Rustamov spoke about macroeconomic stability, economic growth, development of non-oil sector, the CBA`s monetary policy, the banking sector and capitalization of banks in ...

Delegation of “Pasha Life Insurance” attends international forum in Moscow

28.02.2014 [19:10]
A delegation of “Pasha Life Insurance” has attended the 4th International Russian Insurance Forum in Moscow. The forum focused on the state of the world and regional insurance markets, the role of ...

Fitch affirms AccessBank’s rating at BB+

24.12.2013 [14:23]
The rating agency Fitch confirmed on 18 December 2013 the long-term IDR rating of AccessBank at ‘BB+’ (outlook stable). The viability rating, assessing the stand alone risk without taking into account potential shareholder support was upgraded from ‘B+’ to ‘BB-‘ ...

Baku Stock Exchange receives award of International Finance Magazine

23.12.2013 [12:04]
Baku Stock Exchange (BSE) has received the award of the International Finance Magazine on the nomination of “the best consumer service initiative”. According to the BSE, the award was given for the efforts within the BSE Program of ...

ADB to allocate up to $500 million for projects in Azerbaijan within three years

20.12.2013 [14:01]
The Asian Development Bank (ADB) plans to allocate around $500 million for state projects in Azerbaijan within the next three years. The allocation of this amount is envisaged by the draft business plan for the Bank's operations in Azerbaijan for the years 2014-2016, which has already been agreed ...

Moody`s upgraded Bank of Baku`s rating to B1

19.12.2013 [15:26]
International Rating Agency Moody`s Investors Service has upgraded OJSC Bank of Baku`s long-term local and foreign-currency deposit ratings to B1 from B2. Moody`s rating action is primarily based on Bank of Baku`s audited financial statements for ...

EBRD opens two credit lines to Azerbaijani Bank Respublika

18.12.2013 [20:22]
Under its Azerbaijan Multi-Bank Framework Financing Facility, the European Bank for Reconstruction and Development (EBRD) is providing $ 9.4 million to Bank Respublika, which has wide national coverage and is the sixth-largest bank ...

ADB to lend $45m on road network upgrades in Azerbaijan

17.12.2013 [15:23]
The Asian Development Bank (ADB) is ready to offer the $45 million worth of the new tranche of multi-tranche financing facility (MFF) Road Network Development Program. According to head of the ADB office in Azerbaijan Olly Norojono, the tranche will be spent on ...