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Monday, November 12, 2018

Kapital Bank lowers tariff on Khazri transfers

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.