BAKU, Azerbaijan, Jan. 10
By Eldar Janashvili - Trend:
The new development strategy of the International Bank of Azerbaijan (IBA) until 2022 provides for further strengthening of market positions in the face of growing competition and the introduction of innovative technologies in the field of services and products, said Chairman of the IBA Board Abbas Ibrahimov, Trend reports Jan. 10.
The main goal of IBA is to become one of the leading banks in the corporate and retail sectors, to take a competitive market share in financing small and medium enterprises, to achieve high customer satisfaction, to become the best employer in the banking sector and double operating profitability, Ibrahimov said.
“Having achieved these goals by 2022, we will strengthen confidence in the present and future of the IBA,” the chairman added.
According to him, in 2020, for the first time after the financial recovery process, IBA will pay a great amount of profit tax to the state budget.
Last year, after several years of a pause, the bank paid dividends worth 150 million manat ($88.2 million) to its shareholders.
($1= 1.7 manat on Jan. 10)