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CBA cancels license of one more commercial bank in Azerbaijan - UPDATED

CBA cancels license of one more commercial bank in Azerbaijan - <font color=red>UPDATED</font>

13 July 2012 11:43 (UTC +04:00)

Board Chairman Azer Shahmerdanov told APA that the suspension of license takes temporary character.

â€˜Probably, the license will be restored in the near future. Talks are underway with the CBA in this directionâ€™, added Shahmerdanov.

Note that, CBA has confirmed the information about suspension of the license.

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

As of April 1, 2012, assets of the bank made AZN 180.481 mln, loan portfolio â€“ AZN 123.263 mln, deposit portfolio â€“ AZN 80.113 mln, total capital â€“ AZN 16.754 mln, as well as authorized capitals â€“ AZN 22.139 mln.

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