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Royal Bank of Baku changes its brand

11 December 2008 09:31 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Royal Bank of Baku has changed its name to Royal Bank.
Zaur Ferzeliyev, Chairman of the Board, told APA-Economics that the replacement of the old brand with he new one will be completed in all branches by he end of this year.
The bank operates 29 branches across the country.
As of October 1, Royal Bank of Bakuâ€™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.