International Bank of Azerbaijan

ABB
Company typeOpen Joint Stock Company
IndustryBanking
Founded10 January 1992; 32 years ago (10 January 1992)
Headquarters,
Area served
International
Key people
Abbas Ibrahimov,[1] CEO
Total assets13.25 billion ($7.8 billion)
Number of employees
More than 3,100
SubsidiariesAzeriCard, IBA-Moscow, International Leasing Company LLC, OJSC International Bank of Azerbaijan, Asset Management Arm, IBA-Invest Investment Company CJSC, International Bank of Azerbaijan-Georgia, JSC "International Bank of Azerbaijan - Georgia, International Insurance Company Limited Liability, International Insurance Company
Websitewww.abb-bank.az

ABB (from Azerbaijani: Azərbaycan Beynəlxalq Bankı [ɑːzæɾbɑjˈdʒɑn bejnælˈxɑlk ˈbɑŋkɯ]; formerly known as International Bank of Azerbaijan) is the largest bank in Azerbaijan, it’s an open joint-stock company whose shares are owned by the Azerbaijani state. Its head office is located in Azerbaijan.[2]

The bank rebranded itself as ABB in 2021 following reporting on several corruption scandals. The bank played a central role in the Azerbaijani laundromat scandal.[3]

  1. ^ "Management". www.abb-bank.az. Retrieved 2023-06-19.
  2. ^ "The International Bank of Azerbaijan (IBA)". World Economic Forum.
  3. ^ "'Official Partners' of Azerbaijan's COP29 Climate Summit Linked To Ruling Aliyev Family and Their Inner Circle". OCCRP. 2024.