IBA-Moscow is a subsidiary bank of the International Bank of Azerbaijan located in Moscow, Russia. The bank is a registered Russian limited liability company and employs approximately 300 people.[1]
History and Overview
IBA-Moscow was started in 2002. The primary purpose is to deepen trade and economic ties between Russia and Azerbaijan and to provide services to Azerbaijani citizens who live in Russia.[1] One of the founding principles of the bank was to strengthen trade and economic relations between Azerbaijan and Russia, while giving banking services to Azerbaijani citizens who live or work in Russia.
The bank provides commercial banking and financial products to people, companies, and banks in Russia. The bank is divided into two major divisions: Corporate Banking and Retail Banking. Other services include transfers, debit cards, loans, safe deposit boxes, credit cards, insurance, payroll services and currency exchange.[2]