Kapital Bank
Encyclopedia
Kapital Bank, former name United Universal Joint-Stock Bank, was formed as a result of the merger of three major governmental banks in Azerbaijan, i.e. Agro-Investment Bank, Industrial-Investment Bank and Savings Bank in 2000. It was renamed to Kapital Bank in January, 2005. Being a successor of Savings Bank, it dates his history back to 1874 when the first branch of Saving Bank was opened in Baku.
The shareholder of the bank is Pasha Holding with 99.76 percent of the equity. The shareholders' equity makes AZN 30 mln ($38 mln). Kapital Bank renders services and provides financing to main industries of the economy, i.e. chemical and gas industries, agriculture, transportation, communications, and construction. It is a bank of social importance - the agent-bank of the State in implementing major governmental and social programs.
The bank's customer base is also steadily growing: number of customers consists of 19,000 legal entities and more than 2 million individuals. Kapital Bank is the leader in the country according to the branch number. It has 89 branches in the regions and Baku.
The shareholder of the bank is Pasha Holding with 99.76 percent of the equity. The shareholders' equity makes AZN 30 mln ($38 mln). Kapital Bank renders services and provides financing to main industries of the economy, i.e. chemical and gas industries, agriculture, transportation, communications, and construction. It is a bank of social importance - the agent-bank of the State in implementing major governmental and social programs.
The bank's customer base is also steadily growing: number of customers consists of 19,000 legal entities and more than 2 million individuals. Kapital Bank is the leader in the country according to the branch number. It has 89 branches in the regions and Baku.
See also
- Banking in AzerbaijanBanking in AzerbaijanThe Central Bank of Azerbaijan is the central bank of Azerbaijan which is charged with regulating the money supply, circulating currency, and regulating the commercial banks of the country. However, the banking system in Azerbaijan is small relative to GDP and ineffective in capital allocating. An...
- Central Bank of Azerbaijan
- List of banks in Azerbaijan
- Azerbaijani manatAzerbaijani manatThe Manat is the currency of Azerbaijan. It is subdivided into 100 qəpik. The word manat is borrowed from "moneta" which is pronounced as "maneta"...
- Economy of AzerbaijanEconomy of AzerbaijanAzerbaijan is an economy that has completed its post-Soviet transition into a major oil based economy , from one where the state played the major role...