The International Bank of Azerbaijan (IBA) is going to open a branch in Georgia. This issue was discussed at the meeting of the President of the National Bank of Georgia, Roman Gotsiridze, with the chairman of the International Bank of Azerbaijan, Jahangir Gadjiyev, Trend reports.

“Our bank is willing to take an active part in the economic life of Georgia,” said Gadjiyev.

Roman Gotsiridze said he welcomed the entrance of one of the largest Azeri banks into the Georgian market.

The government of Azerbaijan owns over 50% share of IBA.