OREANDA-NEWS. July 17, 2013. The Azerbaijan Republic State Committee for Securities has planned  placement  of 3,000,000 (three million) shares (state registration number AZ1002005150, the nominal value of 10 (ten) AZN) of Kapital Bank on July 18, 2013.

Kapital Bank, former name United Universal Joint-Stock Bank, was formed as a result of the merger of three major governmental banks in Azerbaijan, i.e. Agro-Investment Bank, Industrial-Investment Bank and Savings Bank in 2000. It was renamed to Kapital Bank in January, 2005. Being a successor of Savings Bank, it dates his history back to 1874 when the first branch of Saving Bank was opened in Baku.

Mr. Allahverdiyev Rovshan was appointed Management Board's chairman by the decision of the Supervisory Board of the Bank on 10 June 2013. Kapital Bank participates in the social programs indicated by the government as very important, creating new jobs in the regions of Azerbaijan.