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
The Baku Stock Exchange (BSE) ( az, Bakı Fond Birjası) is the main stock exchange in Azerbaijan. BSE is organized in the form of a closed joint stock company with 19 shareholders.
Activity
Baku Stock Exchange trades short-term treasury bond ...
in 2006. It had 32 regional branches including the branches in Baku.
On 12 July 2015,
Central Bank of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku.
The National Bank of the Republic of Azerbaijan was establish ...
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.
«RoyalBank» müflis elan edildi
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See also
* Banking in Azerbaijan Banking in Azerbaijan in its present form dates back to 1992, but it originates in the second half of the 19th century and continued through the Azerbaijan Soviet Socialist Republic, Soviet period. It consists of the country's central bank, the Cent ...
* Central Bank of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku.
The National Bank of the Republic of Azerbaijan was establish ...
* List of banks in Azerbaijan
Currently, there are 26 banks in Azerbaijan, one of which is the state (The Central Bank of Azerbaijan) and 25 are private commercial banks.
Central bank
* Central Bank of Azerbaijan
Commercial banks
Defunct banks
* AtaBank
* Azal Bank
* ...
* Azerbaijani manat
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''.
The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Az ...
* Economy of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the p ...
References
External links
Royal Bank web site
Government of Azerbaijan
Economy of Azerbaijan
Banks of Azerbaijan
Banks established in 1993
{{Azerbaijan-stub