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Kapital Bank approves new regulations

03 July 2009 10:22 (UTC +04:00)

Baku. Elnur Huseynguliyev â€“ APA-Economics. Azerbaijanâ€™s Kapital Bank Joint-Stock Commercial Bank approved new rules and regulations.

The bank officials told APA-Economics, bank shareholders approved the rules of regulations of the Observation Council and Audit Committee, as well as the rules and regulations of Kapital Bank Board of Governors by the decision of the Observation Council in their recent meeting.

They also determined the principles of sharing of functional authorities between the bankâ€™s administrative boards.

Kapital Bank was founded in 2000. Pasha Holding (97.5%) and the bankâ€™s personnel (2.5%) are its shareholders. The bank assets were 341,534 mln AZN, deposit portfolio 174,914 mln AZN, loan portfolio 168,059 mln AZN, total capital 76,754 mln AZN, including nominal capital 24 mln AZN to April 1, 2009.

The bank has 89 branches, 312 ATMs and 480 POS-terminals.