Apital Bank Is A Commercial Bank Operating In Azerbaijan. It Was Founded In 1874 As Azerbaijan Savings Bank And Its Headquarters Is Located In Baku.
History
The Bank Was Founded On July 24, 1874. The First Service Point Of Kapital Bank, The Legitimate Successor Of Azerbaijan Savings Bank, Began Its Operations On July 24, 1874. Savings Bank Started Its Activities For The First Time At The Baku City Branch Of The State Bank Of The Russian Empire. The Executive Manager Of This Branch Is Ivan Samsonovich Khandojevsky. The Steering Committee Includes Prominent Azerbaijanis Such As Zeynalabdin Taghiyev, Haji Baba Hashimov, And Haji Shikhali Dadashov [az].
After The Proclamation Of The Azerbaijan Democratic Republic, The National Bank Of Azerbaijan Opened On September 30, 1919, And The Savings Bank Resumed Its Activities On December 1, 1919.
On April 28, 1920, Following The Collapse Of The ADR, The Revolutionary Committee Of Azerbaijan Issued A Decree On June 9, 1920, Suspending The Activities Of The Baku Branch Of The National Bank Of Russia. In January 1924, The State Labor Savings Bank, Operating Under The State Bank Of Azerbaijan SSR, Was Established. In 1988, These Banks Merged To Form The Savings Bank Of The Republic Of Azerbaijan Of The USSR. On February 11, 1992, The Savings Bank Of The Republic Of Azerbaijan Was Established On The Basis Of This Bank. On February 21, 2000, The Savings Bank, The Agro-Industrial Bank Of Azerbaijan And The Industrial Investment Bank Of Azerbaijan Merged To Form The Joint Universal Stock Bank Of Azerbaijan (BUSBank).
On December 29, 2004, At The General Meeting Of Shareholders Of The Bank, It Was Decided To Change The Name Of BUSBank To "Kapital Bank".
99.87% Of The Shares Of "Kapital Bank" OJSC Belong To PASHA Holding. The Bank's Share Capital Is 185 Million AZN. Kapital Bank Is A Financial Institution Group With The Largest Service Network In Azerbaijan, With 102 Branches And 20 Departments.
Kapital Bank Is A Universal Bank That Serves Both Entity And Corporate Clients. The Bank Serves Over 3 Million Individuals And Over 22,000 Legal Entities. At The Same Time, Kapital Bank Is Closely Involved In Multiple State-owned Social Projects And Implements Multiple Entity Sector Development Programs.
Score
In 2012, Kapital Bank Received Ratings From The International Rating Agencies Fitch Ratings And Moody's. Fitch Ratings Assigns Capital Bank A Long-term "B +" Rating, Defining The Bank's Rating Forecast As "stable". The Short-term Rating Is "B" And The Support Rating Is "4". Moody's Investors Service Has Determined That Capital Bank's Foreign Currency Deposits Have A Long-term Rating Of "Ba3" And A Financial Support Rating Of "E +". All Ratings Are Predicted To Be "stable
