OREANDA-NEWS. September 16, 2014. The net profit of “IBA-Georgia” bank which is a subsidiary bank of the International Bank of Azerbaijan has been 1,333 mln. lari till 1 July, this year, and this is 145,3% more than previous year.

The press service of IBA has informed “APA-Economics” about it.

Total capital of the bank has been 40,5 mln. lari till 1 July, this year, and this is 15,6% more than previous year. Equity capital of the bank has increased by 9,8% during report period and it has been 27,5 mln. lari till 1 July.

Note that, “IBA-Georgia” bank has been registered by state and tax body in 2006 and it has obtained license from Georgian Central Bank for bank operations in February, 2007.