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Azerbaijan's subsidiary bank in Moscow aims to expand trade relations between two countries

Business Materials 12 February 2022 11:21 (UTC +04:00)
Azerbaijan's subsidiary bank in Moscow aims to expand trade relations between two countries

BAKU, Azerbaijan, Feb. 12

By Sadraddin Aghjayev – Trend:

The subsidiary of Azerbaijan's International Bank, IBA-MOSCOW specifies the expansion of participation in the development of trade relations between Azerbaijan and Russia as a key aspect, Managing Director of Business Development Department of IBA-MOSCOW Bank Svetlana Lunkova said in an interview with Trend.

According to her, the main goal of the bank is to provide high-quality service to its customers and develop technological and marginal products.

"The bank is moving towards the technology and digitalization development, attracting highly qualified specialists, as well as establishing new strategic partnerships with organizations aimed at enhancing trade and export relations between Russia and Azerbaijan. This is a strategic focus," said Lunkova.

She also noted that the provision of standard financial services is no longer a competitive advantage.

"It is important to accompany the client at all stages of business development, helping in solving daily problems, and providing companies with services in audit, consulting, transaction support and taxation. It is significant that our personal bank expert, in addition to carrying out exchange control of current turnkey operations, will help to formalize the transaction given the requirements of Azerbaijani legislation, carry out a preliminary examination of the foreign trade contract, and assist in resolving any issues and non-standard situations related to the conduct of the foreign economic activity," director of the department stated.

Lunkova also added that the bank strives for being not just a servicing institution, but become a reliable financial partner to promote the business development of our client.

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