International Bank of Azerbaijan-Georgia
Azerbaijani bank operating in Georgia
From Wikipedia, the free encyclopedia
The International Bank of Azerbaijan-Georgia ("IBA-Georgia" for short) is a subsidiary bank of the International Bank of Azerbaijan located in Tbilisi, Georgia, founded in 2007.[1] It is one of three Azerbaijani banks operating in Georgia.[6] The bank is a member of the Association of Banks of Georgia.[7]
| JSC Bank "IBA - Georgia" | |
Native name | აზერბაიჯანის საერთაშორისო ბანკი - საქართველო |
| Type | Joint-stock company |
| Industry | Consumer and commercial banking |
| Founded | Tbilisi, Georgia (February 26, 2007) |
| Headquarters | 1 Georgi Leonidze St, Tbilisi 0105 , Georgia 41°41′35″N 44°48′02″E |
Area served | Georgia |
Key people |
|
| Services | Currency conversion, money transfers, currency exchange, cash deposit, and credit services |
| |
| Total assets |
|
| Total equity | GELლ22.7 million (2012) |
| Parent | International Bank of Azerbaijan |
| Website | ibaz |
| Footnotes [1][2][3][4][5] | |
History
According to the United States - Azerbaijan Chamber of Commerce, the bank was founded with 100 percent foreign capital. Initially, $7 million in authorized shares were issued upon the bank's founding.[8] The bank was founded by the International Bank of Azerbaijan (owns 75%), the Azerbaijan Industrial Bank (12.5%), and a private individual (12.5%).[9]
- 2010: IBA-Georgia began to issue VISA International bank cards.[3]
- 2011: The bank became a member of the Banking Association for Central and Eastern Europe (known as BACEE).[10]
- 2012: The bank reached an annual growth rate of 71.3 percent. The bank's loan portfolio grew from GEL 57.1 million to GEL 97.7 million between 2011 and 2012.[5] By 2012, the bank had 1,462 corporate and individual customers.[5]
- 2014: IBA-Georgia increased its net profit by 13 percent over the previous year.[11]
People
The bank's leadership consists of executive management, the Supervisory Council, and the Board of Directors:
| Name | Position | Group |
|---|---|---|
| Ulvi Mansurov | Chairman of the Supervisory Council | Supervisory Council |
| Yasin Jalilov | Member of the Supervisory Council | Supervisory Council |
| Emil Abasbayli | General Director | Board of Directors |
| Tamar Gogolashvili | Member of the Board | Board of Directors |
| Shalva Goduadze | Chief financial officer | Executive Management |
External links
- Banks in Tbilisi list by Info-Tbilisi Group
- Consumer reviews of IBA-Georgia at Companies-Reviews.com
- Swift Codes for International Bank of Azerbaijan - Georgia at Swift-Code.org operated by S.W.I.F.T. SCRL[a]
