In July US magazine Euromoney published the names of bank-winners of Euromoney Awards for Excellence 2006 in Best Bank nomination around the globe. Trend reports with reference to release of the International Bank of Azerbaijan, the best bank in Azerbaijan (Central and Eastern Europe region) was one more time recognized the International Bank of Azerbaijan РІ.
Euromoney is published since 1969 for hundreds thousands people in 160 countries around the globe, including heads of countries and largest companies. In 2006 the magazine recognized IBAR the leader of national banking industry the eighth consecutive time (first time in 1997).
The winners have been identified by commission of Euromoney editors board members and banking and financial consultants. The main criteria of winners selection were financial and economic indices, including assets growth, profitability, strategic development, customers care, competitive advantages and so.
In March 2006 IBAR was already awarded by Global Finance as В"Best bank in developing marketsВ" around Asian region (5th time since 2002).