 | |
| Industry | Banking |
|---|---|
| Founded | August 2, 1993 |
| Defunct | August 2, 2015 |
| Fate | Bankruptcy |
| Headquarters | Baku, Azerbaijan |
| Area served | Azerbaijan |
| Key people | Azer Shahmardanov, Chairman of the Supervisory Board |
| Products | Financial services Commercial banking |
| Number of employees | 622 |
| Website | www.royalbank.az |
Royal Bank was a 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 supervisory board took the control over the bank in 2004 and initiated a program on restructuring the financial and control systems.
Royal Bank was included into the Baku Stock Exchange in 2006. It had 32 regional branches, including the branches in Baku.
On 12 July 2015, Central Bank of Azerbaijan cancelled the license of Royal Bank due to the unfulfilled liabilities and the written notifications of the Central Bank. On 2 August 2015, the Administrative Economic Court in Baku announced that Royal Bank went bankrupt.
References
- Official web page of Royal Bank, Supervisory Board
- The official web page of Royal Bank
- Banks.Az, Bank catalog, Royal Bank
- «RoyalBank» müflis elan edildi
External links
- Royal Bank website Archived 2008-12-08 at the Wayback Machine
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