A State-owned bank of Azerbaijan Kapital Bank is expected to receive a rating by Moody, Rauf Rzayev, Chairman of the Board of Kapital bank Joint-Stock Bank, informed Trend Special Correspondent in Ukraine during the 2nd International Conference "Retail banking" held in Yalta.
According to Rzayev, Moody is currently implementing rating procedures to be eligible for a rating.
Rzayev noted Kapital Bank has a rating awarded by the International rating agency Fitch.
Kapital Bank was founded in Year 2000 as a result of a merger of three State-run banks and so far has been involved in rendering services to Governmental organizations and State companies. In October 2004 the bank was issued with a license enabling it to render broad-based services and commercial banking services.