Azerbaijan, Baku, 11 August / Trend corr. I.Khalilova / International Bank of Azerbaijan - Georgia (IBA - Georgia) continues operation on its previous regime and the Georgian- Ossetin conflict did not affect branch's operation, Rauf Agayev, the chief of IBA news- service stated.
"IBA daughter organization bases in Tbilisi and therefore, the military operations cause no danger to bank's operating," Agayev said.
IBA - Georgia is the bank resdent in the Georgian Republic with 100% foreign capital. The branch was established on 16 November 2006. The branch finances the Georgian part of the Baku- Tbilisi- Kars (BTK) and services the employees of the Baku- Tbilis- Ceyhan oil pipeline.
Bank's registered and paid authorized capital is 12mln laries (about $7mln). IBA - Georgia 75% shares belongs to Azerbaijani International Bank. Bank renders wide services for corporative and private customers as a universal bank.
On 11 August, the official currency rate is 0,8109 AZN/USD
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