The RoyalBank’s legal name is “RoyalBank Open Stock Company”.  It was established as a joint commercial bank in August 1993 with the name “OZ Bank”.  The bank carries out its activity pursuant to the banking license No-158 issued by the National Bank of Azerbaijan on August 2, 1993. The current management took control of the bank in 2004.

In 2006, the legal status of the RoyalBank was changed to Open Stock Company, as the bank’s shares and notes are listed on the Baku stock exchange.

The RoyalBank`s mission is to gain the trust of a select, high-quality client base, and to provide all of their personal and business banking needs in Azerbaijan’s rapidly growing economy.

The RoyalBank is in full compliance with the current capital requirements and all other financial regulations promulgated by the National Bank of Azerbaijan.  The RoyalBank is regularly audited by internal and external auditors.

The RoyalBank continues to experience organic growth in spite the current difficult economic environment.  TheRoyalBank is growing rapidly, and the head office in Baku operates 32 branches throughout Azerbaijan. The Bank currently employs around 540 staff throughout the country.

To leverage its capability, the RoyalBank is aggressively seeking training and funding from financial institutions such as the International Finance Corporation, the European Bank for Reconstruction and Development, the United States Agency for International Development, the Asian Development Bank and others.

The Bank has a strong community involvement and is a member of the Azerbaijan Banks Association, the Chamber of Commerce and Industry of the Azerbaijan Republic,  the Baku Interbank Currency Exchange (BICEX), the Azerbaijan Deposit Insurance Fund, the Azerbaijan MicroFinance Association (AMFA), the Baku Stock Exchange, the German- Azeri Union for Economic Assistance and the American Chamber of Commerce in Baku.