Baku, FinanceTime.  The International Bank of Azerbaijan (IBA) takes steps to up the authorized capital after the change in the management. The bank’s authorized capital will be increased by 600 million manats up to 1 241 287 247,85 manats through the new share issue, registered by the Financial MarketSupervisory Authority.

“This capital increase is our next step towards successful recovery of the IBA”,- said Khalid Ahadov, Chairman of the Board of the IBA.

He added, that the bank will continue reforms aimed at strengthening its capital base.

For more information on products and services of the IBA, please visit the official website www.ibar.az, any of 36 branches and 40 sub branches of the bank, or call the Information Center by number (012) 937 or *8937.