IBA awarded with three int'l premiums
Azerbaijan, Baku, April 21 / Trend /
The International Bank of Azerbaijan was awarded with Best Sustainability Deal from the journal Emeafinance published in Great Britain, the bank said.
The award was given to the bank for participation in the project of financing of the first project on the production of wind power in Azerbaijan Yeni Yashma. The project is worth about 118 million euro. It envisages the construction of 20 windmills with a total production capacity of 50 megawatts.
The press-service said that the world's banks are paying special attention to the environmental dimension of projects they finance.
The same magazine announced the results of the annual award "Best Bank" in the regions of Eastern and Central Europe and the CIS last week. International Bank of Azerbaijan was recognized as the best bank within this nomination on Azerbaijan.
Moreover, U.S. magazine Global Finance announced winners in the nomination "The best banks in developing regions". It has recongnized International Bank of Azerbaijan as a winner in the nomination on Azerbaijan. This is the ninth victory of the IBA in this category since 2000.