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Liquidity level of IBA-Moscow increases in May

Business Materials 16 July 2009 12:05 (UTC +04:00)

Azerbaijan, Baku, July 16 / Trend /

As of June 1, liquidity of the International Bank of Azerbaijan (IBA) subsidiary IBA-Moscow increased considerably with regard to results fixed as of  May  1, in compliance with "Barometer of bank liquidity", compiled by the National rating agency.

Thus, IBA-Moscow fixed its position in the category of banks with higher liquidity, occupying the 49th position in a rating of 587. As of May 1, the bank ranked 200 in this rating.

Barometer of the banking liquidity is description of payment discipline of the bank, calculated on the basis of accountability posted in the Central Bank of Russia's website and is very relevant in condition of crisis, when financial system experiences acute deficit in public confidence.

Rating published by the agency is compiled on indices estimating solvency of the bank and enables to determine its ability to reply private liabilities.

IBA-Moscow is a subsidiary company of the International Bank of Azerbaijan, operating as the first and only bank with 100 percent of Azerbaijani capital in Russia.

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