BAKU, Azerbaijan, December 8. Kapital Bank intends to launch Birbank Investments, a mobile banking app, next year, said Deputy Chairman of the Board of Directors at Kapital Bank OJSC Farid Huseynov, Trend reports.
Huseynov said this during a press conference dedicated to the results of the year and strategy for 2024-2026.
"The app is scheduled to be released in the first half of 2024," he said.
Kapital Bank's assets were 8.5 billion manat ($4.99 billion) as of the first of October 2023, according to financial indicators for the third quarter of 2023. The bank's loan portfolio totaled 4 billion manat ($2.35 billion), while client deposits totaled 6.5 billion manat ($3.8 billion).
Kapital Bank's total capital after tax was 792 million manat ($465.8 million) as of October 1, 2023, and ordinary and preferred shares were 265 million manat ($155.8 million), with a net profit of 182.012 million manat ($107 million).
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