Royal Bank of Baku to enlarge ATM coverage

Royal Bank of Baku to enlarge ATM coverage
# 19 August 2008 09:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Royal Bank of Baku plans to increase the number of ATMs by 24% to 31 and POS terminals by 47% to 94.
The Bank said new NSR ATMs will be bought for deployment outside branches and offices of the bank.
Besides, it is planned to double the number of active debit cards to 10 000.
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 21 branches 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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