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.
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