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Royal Bank to hold general meeting of shareholders

Royal Bank to hold general meeting of shareholders

29 October 2009 16:58 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Royal Bank will hold a general meeting of shareholders on November 30.

The meeting will discuss a number of issues including the compositions of the bankâ€™s Supervisory Board and Management Board.

Besides, the issue of new shares will be discussed.

The bank established 3 branches, 8 ATMs and 26 POS terminals over the past year.
The number of employees increased 26% to 5482 and monthly salary fell 6.4% to AZN 510 on average.

At present the bank operates 31 branches, 4 bureaux de change, 29 ATMs and 97 POS terminals across the country.

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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