As of July 1, 2012, the International Bank of Azerbaijan’s subsidiary bank IBA-Georgia’s assets stood at 86.7 mln Laris (AZN 41.4 mln), up 40% from year earlier. IBA press service says loan portfolio rose 69.5% to 66.9 mln Laris (AZN 32 mln). 
Bank says as of July 1, 2012, number of individual and legal clients made 1,379 (growth 59.6%). Deposit portfolio soared 25% to 53.3 mln Laris (AZN 25.5 mln). 
Net profit made 1.4 mln Laris (AZN 669,000). Authorized capital made 22.7 mln Laris (AZN 10.85 mln). 
Note that, IBA Georgia has been in operation since 2007. 

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