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.
