NEW YORK and LONDON, February 25, 2014 /PRNewswire/ --

World Economic Forum's Financial Services Industry Group Welcomes IBA as Industry Partner to Broaden Ties to CIS Banking Industry

The International Bank of Azerbaijan (IBA), a critical member of the CIS banking industry, has joined the World Economic Forum's prestigious Financial Services Industry Partnership, an exclusive network of over 70 firms including banks, insurers, stock exchanges, rating agencies, asset managers, and other capital market service providers.

"We are deeply honored to join global banking peers in the World Economic Forum's Financial Services Industry Partnership and a second decade of involvement with the Forum," said Dr. Jahangir Hajiyev, Chairman of the International Bank of Azerbaijan.  "The CIS banking industry, the region's growing infrastructure and consumer classes have dynamic potential.  The CIS and Caspian region have benefitted profoundly from the Forum's unwavering support and inspiration to business and government leaders.  This directly helps us to triangulate and advance the integral challenges of systemic and sustainable economic development in tandem with social welfare and stability," Dr. Hajiyev added.

"We are delighted to welcome the International Bank of Azerbaijan as a new Financial Industry Partner and look forward to greater engagement with the CIS banking community through trusted members," said Giancarlo Bruno, Senior Director, Head of Financial Services Industry at the World Economic Forum.  

About WEF

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.  http://www.weforum.org

About IBA

The International Bank of Azerbaijan (IBA) is the largest bank and financial services group in Azerbaijan and the region with assets of US$ 10 billion. IBA serves as a National Development Bank supporting the stability of Azerbaijan's banking system, the socio-economic development of the country and its integration into the global economy.  IBA is also a universal bank with a full range of financial products and services via its national franchise, subsidiary banks in Russia, Georgia and Qatar, and international representative offices in London, Frankfurt, Luxembourg, Dubai and New York.  IBA offers state-of-the art banking services to Azerbaijani consumers and the most secure banking facilities for Azerbaijan's leading global corporate and institutional customers.  http://www.ibar.az

Contacts
Lyndsay Howard, Senior Advisor to the Chairman for Global Communications
International Bank of Azerbaijan, +1-212-838-1200, lh@pangaeia.com

John Evans, Director, Director, ATC Communications
+44-20-7592-0896, johnevans@atclondon.co.uk

Matthew M. Blake, Director, Head of Banking and Capital Markets Industry
World Economic Forum, matthew.blake@weforum.org

SOURCE The International Bank of Azerbaijan (IBA)