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  • Man icon Akif Rəhimli
  • Date: 1 December, 2021
  • Eye icon 23611

What is beneficiary? What is beneficiary account opened in Kapital Bank?

  • Kapital Bank Kapital Bank
  • Date: 27 April, 2024

Beneficiary - Customer - means an individual who owns a legal entity, exercises control and management, along with benefiting from it and has influence in decision-making. The beneficiary-customer concept arising from the guarantees provided by Kapital Bank is to minimize the risks in case of non-fulfillment of contractual obligations due to deterioration of the buyer`s financial condition, as well as to receive funds quickly and simply in case of breach of contractual obligations by the buyer. 
For more details about the obligations assumed for beneficiary-customer, go to Guarantees.

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