Bank Of Baku

Royal Bank opens next provincial branch

Royal Bank opens next provincial branch
# 17 March 2009 12:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Royal Bank has opened a branch in Astara, bringing the number of its branches to 29.
The branches provides a full range of bank services to local customers, said the bank.
As at January 1, Royal Bank’s assets stood at AZN 101.926 million, loan portfolio at AZN 78.764, deposit portfolio at AZN 36.085million, total capital at AZN 17.853 million and authorized capital at AZN 16.912 million.
Royal Bank (so named in 2008) was established by a U.S. citizen in 1993 as OZ Bank which was renamed as Royal Bank of Baku in 2003
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