OREANDA-NEWS.  December 04, 2013. OJSC International Bank of Azerbaijan (IBA) keeps on plans on raising finances e funds, in spite of endorsed plans on recapitalization.

IBA chairman of board Jahangir Hajiyev says that we, as the IBA, continue to carry out club deals with involvement of certain number of subscribers and investors.

"For example, recently we’ve raised a 3-year USD151 million loan in Europe, and as may be necessary, this work will be continued," Hajiyev said.

The IBA retains its position of the leading credit institution of the South Caucasus.