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Company type | Open Joint Stock Company |
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Industry | Banking |
Founded | 10 January 1992 |
Headquarters | , |
Area served | International |
Key people | Abbas Ibrahimov,[1] CEO |
Total assets | 13.25 billion ₼ ($7.8 billion) |
Number of employees | More than 3,100 |
Subsidiaries | AzeriCard, 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 |
Website | www |
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]