International Bank of Azerbaijan $60 million financing

Overview:

• International Bank of Azerbaijan (IBA) has taken out a $60 million term loan from ING Bank.
• The Ministry of Finance owns a 54.96% share in IBA, as of October 20, 2016. 
• ING is a global banking and finance institutions, based in Amsterdam. 
• Elavon Financial Services Limited acted as agent. 

Rani Mehta - Journalist