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International Bank of Azerbaijan realizes cooperation program with Royal Bank of Scotland

Business Materials 23 November 2009 18:48 (UTC +04:00)

Azerbaijan, Baku, November 23 / Trend , U.Ismayilova / International Bank of Azerbaijan (IBA) attracted $50 million loan from Royal Bank of Scotland, the Chairman of IBA Board Jahangir Hajiyev said on Nov. 23.

On the other hand, we daily place short-term liquidity funds in the Royal Bank of Scotland, Hajiyev said. Scottish bank is also launching a training program for IBA staff in the Royal Bank of Scotland in London.

According to him, the chief treasurer of the Scottish bank is currently in Baku and "we have cooperation programs with the bank in various spheres. This bank is linked with the government and we have good relationship with it," said Hajiyev.

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