Azerbaijan, Baku, 1 August / Trend corr. U.Ismayilova / Rauf Rzayev, Chairman of the Board of Kapital Bank, said that the recent replacement of the bank founders did not affect the bank's business.
"On the contrary, attraction of new founders promoted increase in the number of customers. As a result the bank assets have increased to AZN 350mln," Rzayev said.
Increase the number of customers caused the operation incomes to go up by 130%.
Despite of privatization, the bank will continue working with state departments - Labour and Social Protection Ministry and Social Protection Fund, in the sphere of plastic cards. The Cabinet of Ministers made a decision to pay the pension of servicemen by plastic cards issued by Kapital Bank.
Bank takes part in the state program to subsidy agriculture through plastic cards. At present, 385,000 farmers have plastic cards to get subsidies.
Rzayev said that the next replacement of founders' composition has not been announced yet.
The first meeting of Kapital Bank will be held in the near future to agree the bank's statute.
In 2007, about 50% of the bank was privatized in the first stage as a result of which Xalq Bank, AtaHolding and Azersun Holding became the shareholders of Kapital Bank.
AtaHolding and Azersun Holding have increased their shares in Kapital Bank in the second privatization stage. Pasha Holding, Xalq Sigorta and a range of individuals became the shareholders in the bank.
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