Royal Bank predicts 2.4 times growth in assets

Royal Bank predicts 2.4 times growth in assets
# 26 December 2008 15:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Royal Bank predicts a 2.4 times year-on-year rise in assets to AZN 136 million as at January 1, 2009, said Azer Shahmerdanov, Member of the Bank’s Supervisory Board.
According to him, the loan portfolio is expected to rise 2.3 times to AZN 78 million.
Royal Bank was established by a U.S. citizen in 1993 as OZ Bank which was renamed as Royal Bank of Baku in 2003 and as Royal Bank in 2008.
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