Azerbaijan's Kapital Bank recently reduced the tariff on transfers between Azerbaijan, Ukraine and Georgia via the Khazri fast money transfer system from 1.5 percent to 1 percent.
Kapital Bank created the Khazri system in 2007. It has more than 4,000 points in Azerbaijan, Russia, Ukraine and Georgia.
Kapital Bank, formerly the United Universal Joint-Stock Bank, was established through the merger of three major state banks - the Agro-Investment Bank, the Industrial-Investment Bank and the Savings Bank - in 2000. It was renamed Kapital Bank in January 2005.
The bank renders services and provides financing to the economy's main industries, including chemical and gas, agriculture, transportation, communications, and construction.
Its customer base includes more than 19,000 legal entities and more than 2 million individuals. It has the largest network in the country, with 89 branches and 11 sub-divisions.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme