Bank Of Baku

Royal Bank of Baku makes available money transfers via a new system

Royal Bank of Baku makes available money transfers via a new system
# 18 August 2008 13:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics.Royal Bank of Baku has made available money transfers through Leader.
Zaur Ferzeliyev, Deputy Chairman of the Bank, said the bank will also soon join Unistream.
“We are now investigating to make sure this system has no business cooperation with Nagorno karabakh. If it has, we will refuse to join this system,” he added.
The bank offers money transfers through Western Union, Migom, PrivatMoney, Contact, CaspianMoneyTransfer and Bistraya Pochta.
As of July 1, Royal Bank of Baku’s assets stood at AZN 85.067 million, loan portfolio at AZN 55.976 million, deposit portfolio at AZN 34.641 million, total capital at AZN 18.061 and authorized capital at AZN 13.941 million.
At present the bank operates 18 branches, 26 ATMs and 50 POS terminals across the country. Royal Bank of Baku was established by a U.S. citizen in 1993 as OZ Bank which was renamed in 2003.
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