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Kapital Bank will son join new processing system

29 April 2009 16:07 (UTC +04:00)

Baku. Elnur Huseynguluev - APA-Economics. Azerbaijan-based Kapital Bank will migrate to a new processing system.

The banks said a new server and network equipment have already been delivered and installed in accordance with the requirements of VISA, MasterCard and necessary steps have been taken for successful migration to the new system.

Given the large number of plastic cards and large acquiring network of Kapital Bank, the migration will take up several hours on May 5.

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%).