International Bank of Azerbaijan-Georgia
{{Short description|Azerbaijani bank operating in Georgia}}
{{Infobox company
| name = Joint Stock Company "International Bank of Azerbaijan - Georgia"
| trade_name = JSC Bank "IBA - Georgia"
| native_name = აზერბაიჯანის საერთაშორისო ბანკი - საქართველო
| native_name_lang = ka
| romanized_name =
| former_name =
| former type =
| type = Joint-stock company
| traded_as =
| industry = Consumer and commercial banking
| genre =
| fate =
| predecessor =
| successor =
| foundation = Tbilisi, Georgia ({{Start date|2007|02|26}})
| founder =
| defunct =
| location_city = 1 Georgi Leonidze St, Tbilisi 0105
| location_country = Georgia
{{coord|41|41|35|N|44|48|02|E|region:GE|display=inline,title}}
| locations =
| area_served = Georgia
| key_people = {{unbulleted list|Emil Abasbayli, General Director|Ali Hakverdiyev, Deputy General Director}}
| products =
| brands =
| production =
| services = Currency conversion, money transfers, currency exchange, cash deposit, and credit services
| revenue =
| operating_income =
| net_income = {{unbulleted list|{{increase}} 199.3% 2012-2013|GELლ 4.3 million (2012)|GELლ 1.05 million (2011)}}
| aum =
| assets = {{unbulleted list|{{increase}} 56.7% 2012-2013|GELლ144.9 million (2013)|GELლ92 million (2012)}}
| equity = GELლ22.7 million (2012)
| owner =
| num_employees =
| parent = International Bank of Azerbaijan
| divisions =
| subsid =
| homepage = {{URL|http://ibaz.ge}}
| footnotes = {{cite web|title=Bank Details|url=http://www.ibaz.ge/index.php?id=54&sub_id=1359112271|work=International Bank of Azerbaijan - Georgia|access-date=15 May 2014}}{{cite news|title=Bank IBA-Georgia’s assets increased by 57% for year|url=http://abc-az.net/eng/news/corporate/73596.html|access-date=15 May 2014|newspaper=ABC.az|date=16 May 2013|archive-url=https://archive.today/20140515164320/http://abc-az.net/eng/news/corporate/73596.html|archive-date=15 May 2014|url-status=dead}}{{cite press release | url=http://www.noodls.com/view/43E0CD697E953CF1C5F49ABE89A4BAD9414C04DE | title=‘IBA-Georgia’ shows a 4-fold increase in profits | publisher=International Bank of Azerbaijan | date=22 November 2012 | access-date=15 May 2014}}
| intl =
| bodystyle =
}}
The International Bank of Azerbaijan-Georgia ("IBA-Georgia" for short) is a subsidiary bank of the International Bank of Azerbaijan located in Tbilisi, Georgia, founded in 2007.{{Cite web|url = http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105658754|archive-url = https://web.archive.org/web/20130928233218/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105658754|url-status = dead|archive-date = September 28, 2013|title = Company Overview of JSC International Bank of Azerbaijan - Georgia|access-date = 15 May 2014|website = Bloomberg Businessweek|publisher = Bloomberg L.P.|location = New York, NY}} It is one of three Azerbaijani banks operating in Georgia.{{cite news|title=Leading Azerbaijani bank’s subsidiary opens in Tbilisi|url=http://www.azernews.az/business/49523.html|access-date=24 September 2013|newspaper=AzerNews|date=8 February 2013}} The bank is a member of the Association of Banks of Georgia.{{cite web|title=History|url=http://www.ibaz.ge/index.php?id=54&sub_id=1351145666|publisher=International Bank of Azerbaijan - Georgia|access-date=15 May 2014}}
History
According to the United States - Azerbaijan Chamber of Commerce, the bank was founded with 100 percent foreign capital. Initially, $7 million in authorized shares were issued upon the bank's founding.{{cite web|title=The International Bank of Azerbaijan (IBA)|url=http://www.usacc.org/membership/our-members/benefactor/63-the-international-bank-of-azerbaijan-iba.html|publisher=United States - Azerbaijan Chamber of Commerce|access-date=24 September 2013}} The bank was founded by the International Bank of Azerbaijan (owns 75%), the Azerbaijan Industrial Bank (12.5%), and a private individual (12.5%).{{Cite news|url = http://abc.az/eng/news_01_03_2012_62850.html|title = IBA-Georgia assets almost doubled in 2011|date = 1 March 2012|access-date = 15 May 2014|newspaper = ABC.az|location = Baku, Azerbaijan|archive-url = https://archive.today/20140515154934/http://abc.az/eng/news_01_03_2012_62850.html|archive-date = 15 May 2014|url-status = dead}}
- 2010: IBA-Georgia began to issue VISA International bank cards.{{Cite news|url = http://www.azernews.az/business/26916.html|title = IBA-Georgia begins to issue bank cards|date = 18 November 2010|work = AzerNews|access-date = 15 May 2014}}
- 2011: The bank became a member of the Banking Association for Central and Eastern Europe (known as BACEE).{{Cite news|url = http://en.trend.az/capital/business/1838111.html|title = IBA-Georgia joins BACEE|date = 1 March 2011|work = Trend|access-date = 15 May 2014}}
- 2012: The bank reached an annual growth rate of 71.3 percent. The bank's loan portfolio grew from GEL 57.1 million to GEL 97.7 million between 2011 and 2012. By 2012, the bank had 1,462 corporate and individual customers.
- 2014: IBA-Georgia increased its net profit by 13 percent over the previous year.{{cite news | url=http://en.trend.az/capital/business/2273429.html | title=Azerbaijan’s largest bank`s Georgian "daughter" net profit increases almost 13% in a year | work=Trend.az | date=14 May 2014 | access-date=15 May 2014 | location=Baku, Azerbaijan}}
People
The bank's leadership consists of executive management, the Supervisory Council, and the Board of Directors:
| class="wikitable sortable" | ||
| Name | Position | Group |
|---|---|---|
| Ulvi Mansurov | Chairman of the Supervisory Council | Supervisory Council |
| Yasin Jalilov | Member of the Supervisory Council | Supervisory Council |
| Emil Abasbayli | General Director | Board of Directors |
| Tamar Gogolashvili | Member of the Board | Board of Directors |
| Shalva Goduadze | Chief financial officer | Executive Management |
Source:{{Cite web|url = http://www.ibaz.ge/index.php?id=54&sub_id=1351834801|title = Supervisory Council|access-date = 15 May 2014|website = International Bank of Azerbaijan - Georgia}}{{Cite web|url = http://www.ibaz.ge/index.php?id=54&sub_id=1351145693|title = Board of Directors|access-date = 15 May 2014|website = International Bank of Azerbaijan - Georgia}}
External links
- [https://www.info-tbilisi.com/en/banks Banks in Tbilisi list] by Info-Tbilisi Group
- [http://www.companies-reviews.com/review/2127236/International-Bank-of-Azerbaijan-Georgia/ Consumer reviews of IBA-Georgia] at Companies-Reviews.com
- [http://www.swift-code.org/international-bank-of-azerbaijan-georgia-swift-code-IBAZGE22XXX-bic-code Swift Codes for International Bank of Azerbaijan - Georgia] at Swift-Code.org operated by S.W.I.F.T. SCRL{{efn|SWIFT is an acronym for the Society for Worldwide Interbank Financial Telecommunication. A SWIFT code is special code that identifies a bank among the international banking community.{{cite web|title=INTERNATIONAL BANK OF AZERBAIJAN-GEORGIA Swift Codes in Georgia|url=http://bankshelp.com/find/georgia/international-bank-of-azerbaijan-georgia-swiftcode|work=Banks Help Online Banks Directory|publisher=Bankshelp.com|access-date=15 May 2014|quote=Bank Identifier Code (BIC code) is assigned to each and every financial as well as non-financial bank or institutes. The BIC Code is also called as SWIFT Code because BIC Code is registered by The Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT Code is a standard format of Bank Identifier Codes (BIC). That is why SWIFT Code is also known as BIC Code or Swift BIC. SWIFT Code is a identification code assigned to a financial as well non-financial bank or institutes and it being used to transferring money and exchanging messages between banks or financial / non-financial institutes.}} }}
See also
{{portal|Business and economics|Companies|Georgia (country)|Banks}}
Notes
{{notelist}}