Kapital Bank releases results of financial indicators

Finance Materials 17 October 2020 09:27 (UTC +04:00)
Kapital Bank releases results of financial indicators

BAKU, Azerbaijan, Oct. 16

By Zeyni Jafarov – Trend:

The volume of deposit portfolio of Azerbaijan's Kapital Bank amounted to 3.7 billion manat ($2.3 billion) at the beginning of October 2020, which is an increase of 15.1 percent year-on-year, Trend reports with reference to the Bank's reporting data.

According to the bank, the assets of Kapital Bank for the reporting period amounted to 5 billion manat (almost $3 billion), and the volume of loans to customers amounted to 2.2 billion manat ($1.3 billion), which reflects an increase of 21.4 percent compared to the same period in 2019

After October 1, 2020, the total capital of the Bank after taxes is 539 million manat (over $317 million), and ordinary and preferred shares are estimated at 245 million manat ($144.1 million).

Kapital Bank has ratings from international rating agencies Moody's and Standard & Poor. These ratings have high ratings in the country's banking sector. Kapital Bank is one of the 3 leading banks in Azerbaijan, and the Bank's shareholders are PASHA Holding with a 99.88 percent stake in the Bank and individuals with a 0.12 percent stake.


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