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Azerbaijan International Bank subsidiary draws loan from VTB BANK (FRANCE) SA

Business Materials 5 March 2010 11:37 (UTC +04:00)
The International Bank of Azerbaijan-Moscow (IBA-Moscow) drew an inter-bank loan from the VTB BANK (FRANCE) SA in the amount of $6 million, the bank reported.
Azerbaijan International Bank subsidiary draws loan from VTB BANK (FRANCE) SA

Azerbaijan, Baku, March.04 / Trend /  

The International Bank of Azerbaijan-Moscow (IBA-Moscow) drew an inter-bank loan from the VTB BANK (FRANCE) SA in the amount of $6 million, the bank reported.

The loan was granted for a period of 360 days by Feb. 21, 2011 with interest payments at the end of the period with a rate of LIBOR +5 percent per annum.

As for Jan.01, 2010 the bank's assets totaled 15.29 billion rubles, its capital - 1.09 billion rubles and its liquidity ratio - 1.97.

IBA-Moscow is a subsidiary of the International Bank of Azerbaijan, the first and only bank to have entirely Azerbaijani capital, carrying out its activities on the Russian territory.

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