Azerbaijan, Baku, Feb.15 / Trend, N. Ismayilova /
The Azerbaijani Royal Bank has proceeded to create the third Forex platform in the country, the bank told Trend on Wednesday.
"Today, the platform is not so active. Technical work is underway on its creation, which, probably, will take several months," the bank said.
From 2011, Forex over-the-counter operations are carried out in Azerbaijan though banking organizations based on the Central Bank's decision.
Today, two Azerbaijani banks -- Texnikabank and MuganBank -- have such a platform. MuganBank launched a trading platform to work on the Forex market on July 19, 2010. Texnikabank launched similar operations in 2011.
RoyalBank is a commercial bank with 32 branches in Baku and the regions. RoyalBank was established on Aug.2, 1993 as the OZ Bank joint commercial bank.