International Bank of Azerbaijan (IBA) has plans to open subsidiary banks in Kazakhstan and Ukraine, Chairman of the bank’s Board of Directors Fuad Abdullayev stated.

IBA is already present in the CIS area in Russian and Georgian banking markets. At present, IBA also expands presence in the markets of the Persian Gulf countries and plans to open a subsidiary bank in Qatar.

IBA representative offices function in Frankfurt, London and Luxemburg. By the end of October, it is planned to open IBA representative offices in Dubai and the USA.