Author: Chris Cockerill
Best domestic bank: International Bank of Azerbaijan
Best foreign bank: HSBC Bank Middle East
International Bank of Azerbaijan (IBA) is the largest bank in Azerbaijan. The banks assets account for $300 million out of the country’s total banking assets of $650 million. IBA’s excellent relationship with the National Bank of Azerbaijan and other government entities gives the bank a competitive advantage over its peers - the majority of state and government business is directed towards it.
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