OREANDA-NEWS. December 5, 2011. LLC International Bank of Azerbaijan ( IBA-Moscow) is under the process of rebranding.

Board Chairman of IBA- Moscow Fuad Abdullayev has told that they already received preliminary agreement of Central Bank of Russia.

" We will get all necessary documents by the end of the year and start operating under the name IBA-Moscow Bank from early 2012. At that we will keep the status of 100% percent subsidiary of International Bank of Azerbaijan",- F. Abdullayev said.

By early 2012 the bank’s own capital will total 2 bn roubles.