Royal Bank of Baku to issue two more VISA card products

Royal Bank of Baku to issue two more VISA card products
# 04 December 2008 14:19 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Royal Bank of Baku will issue two new card products VISA Travel and VISA Gift by the end of this year, said Farid Hasanov, plastic cards officer of the bank.
He added that about 10 000 Travel and 5 000 Gift cards will be issued through AzeriCard Processing Center.
According to him, the number of plastic cards in use will reach 21 000 this year.
As of October 1, Royal Bank of Baku’s assets stood at AZN 100.473 million, loan portfolio at AZN 77.160, deposit portfolio at AZN 34.387 million, total capital at AZN 19.412 million and authorized capital at AZN 16.912 million.
At present the bank operates 26 ATMs and 79 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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