OREANDA-NEWS. October 23, 2009. The Russian subsidiary of the International Bank of Azerbaijan, IBA-Moscow LLC, continues its own network expansion despite the global economic crisis, reported the press-centre of IBA.

IBA-Moscow chairman of board Fuad Abdullayev says that opening of an office in Nizhny Novgorod remains the Bank’s main intention for the near future.

“Our appearance in Nizhny Novgorod is the most real project and most likely next year we will begin work in this direction. Our objective on Russia is to have offices in most economically-active cities. Now our offices are located in Yekaterinburg, St. Petersburg and Moscow. We also try to expand infrastructure in those cities where our office have been already opened that stipulates development of network of additional branches, cash departments, cash machines, etc,” Abdullayev said.

IBA-Moscow belongs to the IBA by 100%.