Best Bank
International Bank of Azerbaijan
Despite the fact that reform of the banking system is now well underway, state owned International Bank of Azerbaijan (IBA) remains the only real contender for the prize of best bank. It controls around 70% of the country’s $1 billion banking assets and is virtually unique in being both liquid and profitable.
IBA has a 40% share of retail banking business and continues to dominate the Azeri market for credit cards. To date it has issued about 27,000 plastic cards to Azerbaijan citizens.
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