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Kapital Bank will hold a general meeting of shareholders in late March

06 March 2009 15:01 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. Azerbaijan-based Kapital Bank will hold a general meeting of shareholders on March 31.
The bank said the meetingâ€™s agenda includes 2008 performance, reports and approval of Supervisory Board and Audit Committee.
This will be the second meeting of shareholders after the bank was completely privatized in 2008.
Then, Vadim Shneyer,officer of Pasha Holding, was elected as the Chairman of the Supervisory Board.
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%).