TODAY.AZ / Business

Royal Bank of Baku to open three branches

04 April 2007 [08:04] - TODAY.AZ
OJSC Royal bank of Baku intends to establish three new branches in capital this year.

PR official Shadi Jam told APA-Economics that the bank has seven regional branches at present. The bank also plans to become an authorized bank of the Azerbaijan Mortgage Fund to lend mortgage loans.

Bank's authorized capital stood at AZN 8.7mln at present. Royal Bank of Baku was established by a U.S. citizen in 1993 as OZ Bank which was renamed in 1997.

URL: http://www.today.az/news/business/38784.html

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