TODAY.AZ / Business

IBA will use MIDAS and FlexCube software together

08 July 2006 [09:37] - TODAY.AZ
International Bank of Azerbaijan (IBA) will continue using MIDAS software by this year's end.

Recently the bank also started to use FlexCube software of I-Flex Company.

But the bank plans to use both of them because of great number of transactions.?
The bank told APA that FlexCube software enables to manage over 10mn accounts opened in both Azerbaijan and the bank branches abroad.

IBA is the biggest bank in Azerbaijan and in the South Caucasus. As of April 1, assets of the bank are AZN 1 237mn, credit portfolio is AZN 619mn and deposit portfolio is AZN 214.3mn. 50.2% of participation of IBA's authorized capital belongs to the state.


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