Kapital Bank has joined the MilliÖn payment system, allowing customers of to pay off loans via MilliÖn.
The bank, formerly called the United Universal Joint-Stock Bank, was established in 2000 as a result of the merging of three major state banks in Azerbaijan - the Agro-Investment Bank, the Industrial-Investment Bank and the Savings Bank. It was renamed Kapital Bank in January 2005.
The main shareholder of Kapital Bank is PASHA Holding, which controls 99.84 percent.
Kapital Bank offers services and provides financing to major industries, including chemical and gas industries, agriculture, transportation, communications, and construction.
The bank's customer base includes more than 19,000 legal entities and more than 2 million individuals. It has 89 branches and 11 sub-divisions in the capital of Baku and around the country.
- European Investment Bank grants loan to biopharmaceutical company Biofrontera
- Ardshinbank board chairman awarded medal for services to Artsakh Republic
- Banks in Central, Eastern and Southeastern Europe see improved outlook, according to new reports
- European Investment Bank loans $136 million for Nicaraguan bus line, road improvement
- EBRD teams up with Jordan Ahli Bank to support small businesses
- Ardshinbank named Armenia's most active issuing bank
- Bashneft files claim against Sistema
- Belarus receives third tranche from EFSD
- Russian retailer Ulmart to accept bitcoin for some purchases in September
- TBC Bank, Bank Republic merger nears completion