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Awards for Excellence 2009: Azerbaijan

July 08, 2009
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Global Awards for Excellence
Central and Eastern Europe Regional Awards of Excellence
Albania Azerbaijan Belarus
Bosnia & Herzegovina Bulgaria Croatia
Czech Republic Georgia Hungary
Kazakhstan Kosovo Kyrgyzstan
Macedonia Moldova Montenegro
Poland Romania Russia
Serbia Slovakia Slovenia
Turkey Ukraine Uzbekistan

Best Bank: International Bank of Azerbaijan

It has been a tough year for Azerbaijan’s economy following the fall in the oil price. Its banks too are finding life more challenging. Still, International Bank of Azerbaijan (IBA) continues to rack up impressive figures, with its net profit up 62%, total assets up 15% and tangible common equity up 93% in the period under review.

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