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Royal Bank opens new exchange bureau in Baku

Royal Bank opens new exchange bureau in Baku

27 April 2009 13:29 (UTC +04:00)

Baku. Elnur Husenguluyev - APA-Economics. Royal Bank has opened another exchange bureau in Baku.
The new exchange bureau is located at 29, May 28 Street.

The bank operates 37 service points, including a head office, 29 branches, 4 offices and 4 exchange bureaus.

It has 6 branches based in Ganja, Tovuz, Gazakh, Astara, Lerik, Bilasuvar and Sumqayit.

As at January 1, Royal Bankâ€™s assets stood at AZN 101.926 million, loan portfolio at AZN 78.764, deposit portfolio at AZN 36.085million, total capital at AZN 17.853 million and authorized capital at AZN 16.912 million.

Royal Bank (so named in 2008) was established by a U.S. citizen in 1993 as OZ Bank which was renamed as Royal Bank of Baku in 2003.

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