Azerbaijan, Eurasian Development Bank discuss cooperation opportunities

05.12.2016 [21:09]
Azerbaijan`s Minister of Finance Samir Sharifov has met Chairman of the Management Board at Eurasian Development Bank Dmitry Pankin to discuss the bilateral cooperation opportunities. The Azerbaijani minister highlighted the macroeconomic situation in the country ...

PASHA Insurance invites all “exemplary drivers” to win up to 30% discount on Motor Casco insurance product

24.11.2016 [16:11]
For promoting responsible driving habits, PASHA Insurance will launch a new campaign named “discounts for exemplary drivers” starting from 24th of November which will continue until 23rd of December ...

Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

23.11.2016 [17:58]
Fitch Ratings has affirmed International Bank of Azerbaijan's (IBA) Long-Term Issuer Default Ratings (IDRs) at 'BB'. The Outlook is Negative. The agency has also downgraded IBA's Viability Rating (VR) to 'f' from 'b-'. ...

ADB allocated $2.8 bn to Azerbaijan so far

16.11.2016 [11:27]
Vice-President of the Asian Development Bank (ADB) Wencai Zhang said the bank has allocated a total of $2.8 billion to Azerbaijan in loans and grants since 1999. ...

World Bank expresses readiness to render technical assistance to Azerbaijan

13.11.2016 [13:26]
“World Bank is ready to provide the necessary technical assistance to Azerbaijan,” said the WB chief economist Naoko Kojo as he met with chief of the country`s Financial Markets Supervision Chamber Rufat Aslanli. Kojo said the WB is ready to support Azerbaijan`s reforms to strengthen macroeconomic stability ...

International Bank of Azerbaijan attracts over $200 million syndicated loan

10.11.2016 [16:33]
The International Bank of Azerbaijan (IBA) successfully attracted over $200 million syndicated loan. Deal was arranged by Citibank, Credit Suisse A.G. London Branch (Credit Suisse), Emirates NBD Capital Limited (ENBD) and J.P. Morgan. Citi was appointed ...

"Bank Silk Way" launches new website

08.11.2016 [15:18]
"Bank Silk Way" has launched a fully renewed new corporate website www.banksilkway.az. The new site, according to the bank's corporate standards, is remarkable for contemporary design, different structure and ease of use. During development of the site ...

Azerbaijan, World Bank discuss action plan for reforms in field of banking supervision

07.11.2016 [19:34]
The Financial Markets Supervision Chamber of Azerbaijan and the World Bank (WB) have discussed an action plan for reforms in the field of banking supervision. During the meeting, chairman of the Board of Directors of Azerbaijan’s Financial Markets Supervision ...

Government of Azerbaijan, World Bank conclude implementation of Capital Markets Modernization Project

04.11.2016 [15:11]
Azerbaijan’s Financial Markets Supervisory Authority (FIMSA) and World Bank have today hosted a conference to discuss the results of the Capital Markets Modernization Project (CMMP) supported by the World Bank and Switzerland’s State Secretariat for Economic Affairs (SECO). The conference was attended by the representatives ...

Delegation of Financial Markets Supervision Chamber visits UK

01.11.2016 [19:44]
An Azerbaijani delegation led by chairman of the Board of Directors of the Financial Markets Supervision Chamber Rufat Aslanli is visiting the United Kingdom. Aslanli met with senior officials of the UK’s Financial Conduct Authority, and informed them about the ...

PASHA Bank gets award ‘Best Bank of Azerbaijan 2016’

26.10.2016 [12:14]
Within the annual meeting of the IMF and the World Bank a ceremony of awarding the winners of international prize World’s Best Banks, established by business publication Global Finance, has been held in Washington ...

International Bank of Azerbaijan optimizes business processes

24.10.2016 [15:51]
The International Bank of Azerbaijan (IBA) optimizes its business processes in frames of its new business strategy. The Bank also renewed its document management system. The IBA moves to Office 365 for this purpose. The project was held in partnership with Softline, leading ...

Fitch to rate Azerbaijan Mortgage Fund upon completed restructuring

08.10.2016 [11:11]
Fitch Ratings says it will shortly assign ratings to OJSC Azerbaijan Mortgage Fund (OJSC AMF), which is a legal successor of Azerbaijan Mortgage Fund under the Central Bank of Azerbaijan Republic (AMF). “We will simultaneously withdraw AMF's ratings once ...

CBA to hold deposit auction

07.10.2016 [11:02]
The Central Bank of Azerbaijan (CBA) will hold a deposit auction to attract funds on September 10, the CBA said. The auction will be held on the Bloomberg trading platform. Period of deposit auction makes 28 days ...

Baku hosts 8th Microfinance conference

06.10.2016 [15:01]
Baku has hosted the 8th Microfinance conference titled “New opportunities on the Horizon: Translating Challenges into Perspectives”. The leadership of Azerbaijan’s Central Bank (CBA), Financial Market Supervisory Body, representatives of banks and non-bank ...

Azerbaijan`s Minister of Finance joins annual meeting of IMF and World Bank

06.10.2016 [14:38]
Azerbaijan’s Finance Minister Samir Sharifov is participating in the annual meeting of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WB) in Washington, the US. ...

International Bank of Azerbaijan partners with Backbase

30.09.2016 [12:02]
The International Bank of Azerbaijan (IBA) signed a contract with Backbase, the omni-channel digital banking specialist. The contract signed during the annual banking and financial conference and exhibition Sibos 2016 supports the transformation of the ...

Foreign financial institutions show interest in cooperation with International Bank of Azerbaijan

29.09.2016 [15:36]
Participation of the International Bank of Azerbaijan (IBA) in the annual banking and financial conference and exhibition Sibos in Geneva aroused interest of the visitors. This year the IBA joined this leading global event for the international financial community for the first time. The IBA’s stand was placed ...

International Bank of Azerbaijan participates in Sibos 2016

28.09.2016 [13:21]
The annual banking and financial conference and exhibition Sibos organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) started in Geneva. This year the International Bank of Azerbaijan (IBA) for the first time joined this leading global event for the international financial community. ...