Royal Bank (Azerbaijan)

Azerbaijani private commercial bank

Royal Bank was an Azerbaijani private commercial bank established as ÖZ BANK on 2 August 1993. The bank provided financial services for individual customers, small- and mid-size businesses. The last board of directors took the control over the bank in 2004 and began a program on organizing the bank.

Royal Bank
IndustryBanking
FoundedAugust 2, 1993
DefunctAugust 2, 2015
FateBankruptcy
HeadquartersBaku, Azerbaijan
Area served
Azerbaijan
Key people
Azer Shahmardanov,[1]
Chairman of the Supervisory Board
ProductsFinancial services
Commercial banking
Number of employees
622[2]
WebsiteRoyalbank.az

Royal Bank was included into the Baku Stock Exchange in 2006. It had 32 regional branches including the branches in Baku.[3]

On 12 July 2015, the Central Bank of Azerbaijan cancelled the license of Royal Bank. On 2 August 2015, the Administrative Economic Court in Baku announced that Royal Bank went bankrupt.[4]

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References

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  1. Official web page of Royal Bank, Supervisory Board
  2. The official web page of Royal Bank
  3. "Banks.Az, Bank catalog, Royal Bank". Archived from the original on 2010-09-18. Retrieved 2024-04-13.
  4. «RoyalBank» müflis elan edildi

Other websites

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