With the
official partnership of Kapital Bank, the country's first bank, the 5th "Local
Companies’ Promotion Exhibition” was successfully held. The exhibition, which
saw participation from over 150 companies, was organized by Small and Medium
Business Development Agency (SMBDA) and "Marsol Group”.
Speaking at
the opening ceremony, Farid Hidayatzade, Board member, Chief Corporate Sales
Officer of Kapital Bank, highlighted the event as an important step towards
entrepreneurship development. "Entrepreneurship development is one of our
priorities. Currently, Kapital Bank has 44.000 active micro and corporate
clients. When talking about the opportunities created for them, we must mention
the individually tailored "Maestro” tariff. Currently, 1.500 clients benefit
from this tariff, saving 970.000 manats on their expenses. With the
implementation of digitalization, we issued 26.000 online loans last year
alone. Additionally, throughout the past year, we issued 2.970 online guarantee
letters totaling 18 million manats. We have also enabled our clients to open
accounts fully online. The opportunities are vast, and we continue to develop
our products in this direction. As you know, we have already started operations
in our native Karabakh, including Khankendi, Lachin, and Zangilan, and we
support entrepreneurs there as well. Our goal is to offer each entrepreneur
banking products tailored to their profile, making their work easier and saving
them time."
The "Local
companies’ promotion exhibition” has been held since 2019. Kapital Bank has
supported the exhibition every year, aiming to promote the activities of
Azerbaijani companies to a wide audience, open new markets for them, expand
sales opportunities, and develop mutually beneficial cooperation between
companies.
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