Bank Of Baku

Population deposits at Royal Bank sharply decreases

Population deposits at Royal Bank sharply decreases
# 25 January 2012 10:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Azerbaijan-based Royal Bank’s deposit portfolio made AZN 84.271 mln, down 23% from a year earlier.

During the reporting period, the volume of term deposits rose 8.5% to AZN 67.325 mln, demand deposits soared 82% to AZN 16.946 mln.

Population deposits dropped 6.5 times to AZN 10.963 mln.

Remind that, Royal Bank was established in 1993. It operates 32 branches, 31 ATMs and 113 POS-terminals across the country.
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