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
FoundedAugust 2, 1993
DefunctAugust 2, 2015
HeadquartersBaku, Azerbaijan
Area served
Key people
Azer Shahmardanov,[1]
Chairman of the Supervisory Board
ProductsFinancial services
Commercial banking
Number of employees

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]



  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