About bank

Corporate governance

The key principles of corporate governance at the Bank are reflected in Kapital Bank's Corporate Governance Code. The Bank supports relations with state agencies, shareholders, employees, partners and customers.

Corporate governance serves to further improve relations between the Bank's managers and shareholders. This, in turn, ensures increased efficiency in all areas of the Bank's operations. In addition to enhancing the important role of corporate governance, the Bank also pays special attention to the development of corporate culture and corporate ethics.

Adherence to ethical principles and trust in basic values shapes and preserves corporate culture at Kapital.

Here you can find more detailed information about corporate governance and corporate culture at Kapital Bank.

Committees and Commissions

Audit Committee

Governing body that regulates the audit work in the bank and exercises control over the bank's financial and economic activities.

Parvin Sh. Ahadzade

Chairman of the Audit Committee

Ramil D. Heydarov

Member of the Audit Committee

Aliyeva H. Svetlana

Member of the Audit Committee

Strategy and Budget Committee

Within its competence controls the preparation and implementation of Business Plan of the Bank, provides feedback and suggestions to the Supervisory Board on the preparation and effective implementation of the bank's budget in accordance with the goals determined in the Business Plan.

Risk Management Committee

Inspects risk management strategies, policies and limits, assigning a specific method of risk identification and assessment, as well as selection tools, and determines the frequency of their implementation.

Farid U. Mammadov

Chairman of the Risk Management Committee

Asaf Huseynov

Member of the Risk Management Committee

Rauf I. Gulamaliyev

Member of the Risk Management Committee

Parvin Sh. Ahadzade

Member of the Risk Management Committee

Javid A. Mirzayev

Member of the Risk Management Committee

Emin A. Mammadov

Member of the Risk Management Committee

Renad F. Jafarov

Member of the Risk Management Committee

Emin Y. Mammadov

Member of the Risk Management Committee

Procurement Committee

In accordance with the procurement policy of the Bank, works on the effective and economical use of funds, the conclusion of contracts of sale on favorable terms for the Bank, the protection of property interests of the Bank and risk management in the field of procurement.

Large Credit Committee

In accordance with the adopted credit policy of the Bank, it manage credit risks (here “credit” refers to the term of “Bank loan”, provided by the law “On banks”), make decisions on issuing loans, as well as changing the terms of the issued loans within its competence.

Asset and Liability Management Committee

In accordance with Bank’s internal rules, determines directions and targets of liquidity and market risks management, as well as financial resources, determines liquidity, efficient asset and liability management strategy of the Bank, as well as helps the Board of Directors in carrying out daily activities of the Bank in the field of asset and liability management.

Investment Committee

The purpose of the Committee is to continuously increase the bank's assets by investing, placing them in various financial instruments and obtaining interest and trading (dealing) profits through effective management.

Nomination and Rewards Committee

Jalal Gasimov

Chairman of the Nomination and Rewards Committee

Shahin Mammadov

Member of the Nomination and Rewards Committee

Aytan Abbasli

Member of the Nomination and Rewards Committee

Farid Mammadov

Member of the Nomination and Rewards Committee

Javid Mirzayev

Member of the Nomination and Rewards Committee

Human Resources Committee

The Committee is formed to conduct preliminary examination and provide recommendations to the Supervisory Board with respect to priority tasks of the human resources policies of the bank.

Disciplinary Commission

Decides to provide the employer with proposals on bringing the bank's employees to disciplinary responsibility in case of non-fulfillment of their obligations established by the Labor Code and other legal acts, abuse of rights or non-fulfillment of obligations under a labor contract.

Financial Incentive Commission

Created in order to comply with the main provisions of the remuneration policy and recommendations of the Board of Directors.

Credit Commission

In accordance with the adopted credit policy of the Bank, it manage credit risks (here “credit” refers to the term of “Bank loan”, provided by the law “On banks”), make decisions on issuing loans, as well as changing the terms of the issued loans within its competence.

Small Credit Commission

In accordance with the adopted credit policy of the Bank, it manage credit risks (here “credit” refers to the term of “Bank loan”, provided by the law “On banks”), make decisions on issuing loans, as well as changing the terms of the issued loans within its competence.

Medium Credit Commission

In accordance with the adopted credit policy of the Bank, it manage credit risks (here “credit” refers to the term of “Bank loan”, provided by the law “On banks”), make decisions on issuing loans, as well as changing the terms of the issued loans within its competence.

Microcredit Committee

The Committee is a collegial body created to manage credit activities in the bank (consideration of applications for microcredits, other products for microbusiness approved by the Board of Directors, and applications for restructuring under standard and non-standard conditions (interest rate, term, fee, amount, collateral, etc.).

Mortgage Loan Committee

The main purpose of the Committee is to provide assistance to the Board of Director in the field of credit (mortgage loans and their restructuring, as well as restructuring carried out in relation to mortgage loans issued to individual customers at the expense of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan (MCGF)) risk management in accordance with the adopted credit policy.

Retail Credit commission

The main purpose of the Committee is to assist the Board of Directors in managing credit (consumer loans in the amount that the Сommittee can consider and make decisions within the powers granted to the Committee by the Board of Directors and/or the Supervisory Board) risks in accordance with the adopted credit policy.

IT and Information Security Commission

Responsible for the prompt resolution of issues and the elimination of potential risks in the management of processes in the field of IT and information security in the bank.

Data Management Commission

Responsible for identifying the owners of data fields, ensuring inter-field coordination, resolving disputes in the field of data management and quality control.

Audit Committee members

Regulates the audit work in the Bank, Oversees the Bank's financial and economic activities, Monitors the Bank's compliance with regulatory and legal acts, internal procedures, rules and regulations on the Bank's financial and economic activities, Assists the Supervisory and Executive Board in ensuring the existence and adequacy of the Bank's proficient control system.

Ethical conduct code

These guidelines regulate the conduct of employees at the Bank. They serve to improve the Bank’s image and define cultural, ethical and legal values for its employees.

The ethical conduct guidelines, first and foremost, ensure supervision of employees’ conduct, allow applying their skills in different areas within their expertise, and offer effective tools for ensuring adherence to the described norms.

Cultural values encompass employees’ conduct both at and outside of work, as well as their public activities.

Ethical values encompass preserving the Bank’s image, attitude towards the Bank’s property etc.

Legal values encompass attitude towards laws and regulations, compliance with the Bank’s internal procedures, maintaining the confidentiality of sensitive information etc.

Professional etiquette encompasses conduct and behavior in a professional setting. Professional etiquette is based on respect, care, kindness and consideration in relations with people. Every employee at the Bank should strictly observe the rules of subordination.

Approach to customers

Professional services

Proper, just and impartial attitude

Timely performance of duties

Ensuring confidentiality of information about customers

Caring for customers

Constantly improving the quality of products and services, and setting appropriate prices

Promoting products and services in an appropriate and unbiased manner

Understanding customer’s thoughts, feelings and impressions

Viewing customers’ personalities in a positive way – regardless of the customer’s faults, they should be treated as people and with respect.

Trying to reach mutual agreement and understanding with customers, as well as to further develop the partnership.

Attitude towards competitors

Competitors should be viewed with respect, and unhealthy competition should be avoided

Terms of confidentiality

As this Code covers all activities at the Bank, employees should keep the following information strictly confidential:

Bank’s information of personal nature

Guidelines related to bank secrecy

Information about the Bank’s customers

Information about the Bank’s staff

Information that concerns state security, available to Bank’s employees due to their position etc.