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.
| Industry | Banking |
|---|---|
| Founded | August 2, 1993 |
| Defunct | August 2, 2015 |
| Fate | Bankruptcy |
| Headquarters | Baku, Azerbaijan |
Area served | Azerbaijan |
Key people | Azer Shahmardanov,[1] Chairman of the Supervisory Board |
| Products | Financial services Commercial banking |
Number of employees | 622[2] |
| Website | Royalbank.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]
Related pages change
References change
Other websites change
- Royal Bank website Archived 2008-12-08 at the Wayback Machine
