Azerbaijan, Baku, Dec.3 / Trend, N. Ismayilova /
"IBA-Moscow" expects to receive profit in the amount of 150 million rubles in 2011, Bank's Board Chairman Fuad Abdullayev told journalists on Friday.
"Today, the bank's assets are about 18 billion rubles. We have seen a huge growth in customer base, which is equal to about 30 percent. The retail business is already equal to corporate business, and we intend to actively develop it," Abdullayev said.
He said, the Bank plans to open branches in two Russian cities by 2015. One of them will be opened in Nizhniy Novgorod, and location of the second one is not determined yet.
"Regions have great interest in investments, but we only work in the regions where we are represented," he said.
IBA-Moscow, a subsidiary of the International Bank of Azerbaijan, was established in 2002. It is the first and only bank in Russia with 100 percent Azerbaijani capital. The bank operates in Russia.
The official exchange rate is 30.8099 rouble to $1 on Dec.3.