Standard & Poor's upgraded Kapital Bank's rating outlook



The international rating agency Standard & Poor's raised the rating outlook for Kapital Bank from “stable” to “positive”, as well as affirmed the long-term and short-term credit ratings at the level of “BB-/B”. These indicators are among the highest in the local banking sector.

The agency's report states that the ratings are driven by stronger profitability and asset quality than the system average and other large Azerbaijani banks, with Stage 3 loans improving to 2.3% of total loans at year-end 2022. The positive outlook on Kapital Bank reflects agency's expectation that the bank will continue to outperform most domestic and international peers in terms of profitability, asset quality, and capitalization in the next 12-24 months.

According to the agency, Kapital Bank's good diversification between corporate, small and midsize enterprise (SME), and retail banking support its track record of displaying the largest absolute profit in the domestic banking system. Kapital Bank’s return on assets (ROA) averaged 4.5% in 2020-2022, and its return on equity (ROE) was 36%.

Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 114 branches and 25 departments all over the country. For more detailed information about the Bank’s products and services, please refer to, website, 196 Call Centre or the Bank’s various social network pages. To apply for a consumer loan visit, for a Birbank  installment card visit