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International Asset Bank

4.6 / 10 Overall Score

Website: https://www.iabank.bg/en
Jurisdiction: Bulgaria
Operating Since: 5-10 years
Regulatory Status: N/A

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Company & Contact

Legal Name: International Asset Bank AD
Phone: #ERROR!
Email: iabank@iabank.bg
Address: —

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# International Asset Bank Company Overview

**Core Description**  
International Asset Bank company is a financial institution based in Sofia, Bulgaria, offering a range of services including investment brokerage, currency exchange, safe deposit vaults, and trading with precious metals. The bank operates without regulatory oversight, which raises concerns regarding its compliance and operational integrity.

**Founding Year and Company Background**  
International Asset Bank was founded on December 13, 1989, as a joint-stock company. It has since established itself as a comprehensive financial institution catering primarily to corporate customers and small to mid-sized enterprises.

**Headquarters and Regional Offices**  
The headquarters of International Asset Bank is located at 81-83 Todor Aleksandrov Blvd, Sofia, Bulgaria. The bank operates a network of 33 branches and 48 offices in various settlements across the country.

**Summary of Global Business Scope and Primary Operations**  
The bank's primary operations involve providing investment and financial services to both individual and corporate clients. Its focus includes facilitating trading in various financial instruments and managing client accounts.

# Corporate Development

**Historical Timeline or Notable Growth Stages**  
Since its inception, International Asset Bank has evolved to offer a diverse range of financial services while maintaining a focus on corporate clients and SMEs. However, specific milestones related to expansion or rebranding are not documented in the available data.

**Key Milestones**  
The bank has established itself as a significant player in the Bulgarian financial landscape, particularly in investment brokerage and currency exchange.

**Regional or Product Diversification**  
International Asset Bank has diversified its offerings to include services such as trading with precious metals, which allows clients to invest in gold and silver products.

# Corporate Structure and Subsidiaries

**List of Subsidiaries, Branches, or Registered Entities**  
The bank operates various branches and offices but does not have specific subsidiaries listed in the available data.

**Internal Organization or Leadership Overview**  
Details on the internal organization and leadership structure are not explicitly provided, but it is known that the bank has a staff size ranging from 501 to 1000 employees.

# Regulation and Compliance

**All Known Regulatory Licenses and Corresponding Authorities**  
International Asset Bank operates in a regulatory vacuum, lacking oversight from any governing body or regulatory authority.

**Registration Details, License Numbers, and Jurisdictions**  
The bank does not possess valid regulatory licenses, which raises significant concerns regarding its operational legitimacy.

**Client Fund Protection Policies**  
There are no details provided regarding client fund protection policies, such as segregation or insurance measures.

**Compliance Framework, Transparency Measures, or Audit References**  
Due to the absence of regulatory oversight, there is no information available on compliance frameworks or transparency measures.

**Countries or Regions of Authorization and Restriction**  
International Asset Bank operates solely within Bulgaria without any known international authorization or restrictions.

# Global Presence and Market Coverage

**Primary Geographic Markets Served**  
The primary market for International Asset Bank is Bulgaria, where it serves a diverse clientele including corporate customers and individual investors.

**Local Branches or Representative Offices**  
The bank has established a network of local branches and offices throughout Bulgaria.

**Partnerships or Regional Strategic Initiatives**  
No specific partnerships or strategic initiatives are mentioned in the available data.

**Market Segment or Client Demographic Focus**  
The bank primarily targets corporate clients and small to mid-sized enterprises, providing tailored financial solutions to meet their needs.

# Financial and Operational Data

**Size of Operations**  
International Asset Bank employs between 501 and 1000 individuals and serves a wide range of clients.

**Financial Data, If Disclosed Publicly**  
While specific financial figures are not disclosed, the bank is reported to have an annual revenue estimated between $100 million and $1 billion.

**Technology or Infrastructure Investments**  
The bank utilizes modern technology infrastructure, although specific investments are not detailed.

**Ownership and Capital Structure Updates**  
International Asset Bank is privately held, and specific ownership details are not provided.

# Reputation and Industry Standing

**Perception Within the Forex and Financial Community**  
International Asset Bank's reputation is marred by its lack of regulatory oversight, leading to concerns regarding trust and operational integrity.

**Publicly Available Reviews, Ratings, or Analyst Mentions**  
The bank has received a low score in regulatory assessments, with warnings indicating that potential clients should approach with caution.

**Cooperation With Major Partners or Financial Institutions**  
No information is available regarding partnerships with major financial institutions.

**General Credibility and Long-Term Reputation**  
The absence of regulatory oversight significantly undermines the bank's credibility and long-term viability in the financial market.

# Summary

International Asset Bank company operates as a financial institution in Bulgaria, providing a range of services without regulatory oversight. Founded in 1989, the bank has established a presence in the local market but faces challenges related to trust and operational integrity due to its lack of regulation. While it offers various financial services, the absence of compliance and protection measures raises concerns for potential clients.

Account Types

# International Asset Bank Account Types

International Asset Bank offers a variety of account types to cater to the diverse needs of traders. Below is a summary of the available account types, their specifications, and unique features:

| Account Type       | Minimum Deposit | Spreads/Commission Model | Leverage Limits | Trading Instruments Available | Base Currencies Supported | Execution Model | Unique Features                      |
|--------------------|-----------------|--------------------------|-----------------|------------------------------|---------------------------|------------------|--------------------------------------|
| Standard Account    | Not specified    | Not specified            | Not specified    | Not specified                | Not specified             | Not specified     | Not specified                        |
| ECN Account         | Not specified    | Not specified            | Not specified    | Not specified                | Not specified             | Not specified     | Not specified                        |
| Pro Account         | Not specified    | Not specified            | Not specified    | Not specified                | Not specified             | Not specified     | Not specified                        |
| Demo Account        | Not specified    | Not specified            | Not specified    | Not specified                | Not specified             | Not specified     | Not specified                        |
| Islamic Account     | Not specified    | Not specified            | Not specified    | Not specified                | Not specified             | Not specified     | Swap-free                            |

*Note: Specific details for the account types listed above are not available.*

# International Asset Bank Broker Account Opening Process

To open an account with International Asset Bank, follow these steps:

1. **Visit the Account Registration Page**: Navigate to the International Asset Bank's official website to find the account registration section.
2. **Complete KYC/Identity Verification**: Prepare to provide necessary documentation for identity verification as part of the Know Your Customer (KYC) process.
3. **Funding/Deposit Methods**: Check for minimum funding requirements and available deposit methods to fund your account.
4. **Approval Time**: Wait for the approval of your application; specifics on the time frame may vary.
5. **Access Platforms**: After registration, you will gain access to the trading platforms offered by International Asset Bank.
6. **Optional Steps for Demo or Professional Accounts**: If interested, follow any additional steps required to set up a demo or professional account, if available.

*Note: Detailed information on the account opening process is limited.*

Deposit & Withdrawal

# International Asset Bank Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## International Asset Bank Minimum Deposit Explained

### Minimum Deposit Amount
The minimum deposit amount at International Asset Bank varies depending on the type of account. Generally, the minimum deposit for standard savings accounts is **€100**, while fixed deposit accounts may require a minimum of **€1,000**.

### Account-Type Comparison
| Account Type       | Minimum Deposit | Interest Rate      |
|--------------------|-----------------|--------------------|
| Standard Savings   | €100            | Up to 0%           |
| Fixed Deposit (12m)| €1,000          | Up to 6.5% (RON)   |
| Fixed Deposit (24m)| €1,000          | Up to 4% (USD)     |
| Fixed Deposit (36m)| €1,000          | Up to 3.5% (BGN)   |

### Regional Differences
While the minimum deposit requirements are generally consistent across regions, promotional offers may vary. For example, certain regions might offer higher interest rates on fixed deposits for a limited time.

### Advantages
1. **Diverse Account Options**: Multiple account types cater to different savings needs.
2. **Competitive Interest Rates**: Particularly for fixed deposits.
3. **Deposit Guarantee**: Coverage up to **€100,000** per depositor.
4. **No Maintenance Fees**: Many accounts have free maintenance.

### Disadvantages
1. **Low Interest Rates on Savings**: Standard savings accounts offer minimal interest.
2. **Higher Minimums for Fixed Deposits**: Requires significant initial capital.
3. **Limited Currency Options**: Primarily focused on EUR and BGN.
4. **Promotional Rates May Change**: Offers can be temporary.

### Competitor Comparison
Compared to other banks in Bulgaria, International Asset Bank offers competitive rates for fixed deposits, but its standard savings accounts lag behind competitors in terms of interest rates.

## International Asset Bank Deposit Methods Comprehensive Guide

### Deposit Methods
1. **Bank Transfer**
   - **Processing Time**: 1-3 business days
   - **Fees**: Typically none, but check with your bank for potential charges.
   - **Availability**: Widely available.
   - **Limits**: Minimum deposit of €100.
   - **Pros**: Secure and reliable.
   - **Cons**: Slower compared to other methods.

2. **Credit/Debit Cards**
   - **Processing Time**: Instant
   - **Fees**: 0-2.5% depending on the card issuer.
   - **Availability**: Visa and Mastercard accepted.
   - **Limits**: Minimum deposit of €100, maximum of €5,000.
   - **Pros**: Fast processing.
   - **Cons**: Possible fees from card issuers.

3. **E-Wallets (e.g., Skrill, Neteller)**
   - **Processing Time**: Instant
   - **Fees**: Typically around 2%.
   - **Availability**: Limited to certain e-wallet services.
   - **Limits**: Minimum deposit of €50.
   - **Pros**: Quick and convenient.
   - **Cons**: Fees may apply.

4. **Cryptocurrency**
   - **Processing Time**: Instant
   - **Fees**: Varies depending on the exchange.
   - **Availability**: Limited to certain cryptocurrencies.
   - **Limits**: Minimum deposit of €20.
   - **Pros**: Fast and decentralized.
   - **Cons**: Volatility and potential transaction fees.

5. **Local Payment Options**
   - **Processing Time**: Varies
   - **Fees**: Depends on the local provider.
   - **Availability**: Limited to specific regions.
   - **Limits**: Minimum deposit of €100.
   - **Pros**: Tailored for local customers.
   - **Cons**: Less widely accepted.

### Supported Currencies and Recommended Methods
International Asset Bank primarily supports **EUR** and **BGN**. For faster deposits, credit/debit cards and e-wallets are recommended due to their instant processing times.

## International Asset Bank Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log into Your Account**: Access the International Asset Bank online portal.
2. **Select Deposit Method**: Choose your preferred deposit method from the available options.
3. **Enter Deposit Details**: Fill in the required information, including the amount and any necessary account details.
4. **Confirm Transaction**: Review the details and confirm your deposit.
5. **Complete the Process**: Follow any additional instructions provided for your selected method.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, but the mobile app may offer a more streamlined interface for quick transactions.

### KYC Notes and Common Issues
- **KYC Requirements**: Ensure all identification documents are up-to-date and submitted.
- **Common Issues**: Delays may occur if the deposit reference is incorrect or if KYC documents are pending.

### Typical Fund Crediting Times
Funds typically credit to your account within **1-3 business days** for bank transfers, while card and e-wallet deposits are instant.

## International Asset Bank Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer (SEPA/SWIFT)**
   - **Processing Time**: 2-3 business days
   - **Fees**: Varies by bank, typically around €20.
   - **Limits**: Minimum withdrawal of €20.
   - **Pros**: Secure and widely accepted.
   - **Cons**: Slower compared to other methods.

2. **E-Wallets**
   - **Processing Time**: Instant
   - **Fees**: Generally around 2%.
   - **Limits**: Minimum withdrawal of €50.
   - **Pros**: Quick access to funds.
   - **Cons**: Limited to specific e-wallets.

3. **Cryptocurrency**
   - **Processing Time**: Instant
   - **Fees**: Varies by exchange.
   - **Limits**: Minimum withdrawal of €20.
   - **Pros**: Fast and decentralized.
   - **Cons**: Price volatility.

4. **Credit/Debit Cards**
   - **Processing Time**: 1-5 business days
   - **Fees**: 0-2.5% depending on the card issuer.
   - **Limits**: Minimum withdrawal of €10.
   - **Pros**: Convenient for cardholders.
   - **Cons**: May incur fees.

### Recommended Options by Cost and Speed
For quick withdrawals, e-wallets and cryptocurrencies are recommended due to their instant processing times and lower fees.

## International Asset Bank Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log into Your Account**: Access the International Asset Bank online portal.
2. **Select Withdrawal Method**: Choose your preferred withdrawal method.
3. **Enter Withdrawal Amount**: Specify the amount you wish to withdraw.
4. **Confirm Details**: Review and confirm your withdrawal request.
5. **Submit Request**: Complete the process and wait for confirmation.

### ID Verification Requirements
Withdrawals may require verification of your identity, especially for new accounts or significant amounts.

### Expected Fund Arrival Time
Funds are expected to arrive within **1-5 business days**, depending on the chosen withdrawal method.

### Typical Delay Reasons and Fixes
Delays can occur due to incorrect account details, pending KYC verification, or bank processing times. Ensure all information is accurate and up-to-date to avoid issues.

## FAQs – International Asset Bank Deposits & Withdrawals

### What is the minimum deposit for International Asset Bank?
The minimum deposit is **€100** for standard accounts and **€1,000** for fixed deposits.

### How long do withdrawals take?
Withdrawals typically take **2-5 business days**, depending on the method chosen.

### Are there fees for deposits or withdrawals?
Fees may apply for certain methods, particularly for bank transfers and e-wallets.

### Can the same method be used for both?
Yes, typically the same method used for deposits can be used for withdrawals, with some exceptions for card payments.

### Are crypto or local methods supported?
Yes, cryptocurrencies are supported for deposits and withdrawals, along with local payment options in specific regions.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

International Asset Bank

International Asset Bank

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