Kapital Bank's main indicators to grow by 20% next year

As per the draft the main indicators of the Bank will go up by 20 percent.

Kapital bank Management Board Chairman Rauf Rzayev said that the assets of the bank will rise to AZN 150m from AZN 143m. This figure exceeds the preliminary forecast by AZN 10m.

The Bank intends to raise its 5%-participation in the domestic market.

Kapital Bank intends to launch a new three-year development strategy in early next year.

Rzayev said that implementation of the income forecast of AZN 22.130m will be exceeded by 5% by this year's end.

In Azerbaijan there are two state-owned banks - International Bank of Azerbaijan and Kapital Bank. The State holds a 50.2 stake in the authorized capital of the IBA, and 100% of the nominal capital of the Kapital Bank.