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Kapital Bank cards will not work on May 5

28 April 2009 13:04 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Kapital Bank has announced that there will be failure in the use of its plastic cards for several hours on May 5 because of migration to a new processing system.

The problem will be solved after several hours.

Kapital Bank is the oldest bank of Azerbaijan, established through the merger of three state-owned banks â€“ Agrarian Industry Bank, Industry-Investment Bank and Savings Bank.

As at January 1, Azerbaijan-based Kapital Bankâ€™s assets stood at AZN 577.590 million, loan portfolio at AZN 365.847 million, deposit portfolio at AZN 481.974 million, total capital at AZN 71.910 million and authorized capital at AZN 24 million.
Kapital Bank has been in operation since 2000. The bank operates 89 branches, 298 ATMs and 469 POS terminals at present.

After privatization, Kapital Bank is owned by AtaHolding (30%), Pasha Holding (30%), Khalg Sighorta (15%), Azersun Holding (10%), individuals (10%) and the bank staff (5%).