Kapital Bank is the top supporter of entrepreneurship during the pandemic
Kapital Bank actively supports businesses by providing entrepreneurs and companies with favorable products, various campaigns and benefits. The bank also closely cooperates in this regard with the Entrepreneurship Development Fund (EDF), which recently launched a mechanism for providing subsidies and guarantees for new loans received from authorized credit organizations by entrepreneurs affected by the pandemic.
Subsequent to the results of the implementation of this mechanism, Kapital Bank ranks first among 18 authorized banks, having provided guarantees to 537 entrepreneurs. Within the framework of the mechanism, guarantees were issued in the amount of more than 292 million AZN on 2,630 applications for loans totaling about 500 million AZN. Subsidies for 17.3 million AZN were allocated on guaranteed loans, payments will continue during the loan terms.
Kapital Bank's business centers for SME clients operate in the branches of Khatai, Sabail, Nasimi, Ganjlik, Yasamal, Markaz, 28 May, as well as in the Tijaret department located in the Sadarak shopping center. In addition to a specialised SME customer service division, these offices also have client managers. They provide entrepreneurs with detailed information about the bank's products, receive applications for a loan, guarantee, overdraft, factoring and other products, and provide financial advice and other services to promote clients’ business.