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International Bank of Azerbaijan
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| Company type | Open Joint Stock Company |
|---|---|
| Industry | Banking |
| Founded | 10 January 1992 |
| Headquarters | , |
Area served | International |
Key people | Abbas Ibrahimov,[1] CEO |
| Total assets | 13.25 billion ₼ ($7.8 billion) |
Number of employees | More than 3,100 |
| Subsidiaries | AzeriCard, IBA-Moscow, International Leasing Company LLC, OJSC International Bank of Azerbaijan, Asset Management Arm, IBA-Invest Investment Company CJSC, International Bank of Azerbaijan-Georgia, JSC "International Bank of Azerbaijan - Georgia, International Insurance Company Limited Liability, International Insurance Company |
| Website | www |
ABB (from Azerbaijani: Azərbaycan Beynəlxalq Bankı [ɑːzæɾbɑjˈdʒɑn bejnælˈxɑlk ˈbɑŋkɯ]; formerly known as International Bank of Azerbaijan) is the largest bank in Azerbaijan, it’s an open joint-stock company whose shares are owned by the Azerbaijani state. Its head office is located in Azerbaijan.[2]
The bank rebranded itself as ABB in 2021 following reporting on several corruption scandals. The bank played a central role in the Azerbaijani laundromat scandal.[3]
- ^ "Management". www.abb-bank.az. Retrieved 2023-06-19.
- ^ "The International Bank of Azerbaijan (IBA)". World Economic Forum.
- ^ "'Official Partners' of Azerbaijan's COP29 Climate Summit Linked To Ruling Aliyev Family and Their Inner Circle". OCCRP. 2024.
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