Corporate governance

Kapital Bank’s corporate governance system is based on international standards and the relevant legal regulations of the Azerbaijan Republic.

 

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.

Motivation Committee

Reviews general principles, policies and strategy on remuneration and motivation for Bank’s staff, reviews the system of evaluation of the Bank's employees, recruitment, retention and dismissal as well as considers any major improvements in the Bank's personnel policy.

Jalal Gasimov Chairperson - Chairperson of the Supervisory Board
Shahin Mammadov Deputy Director of "Pasha Holding"
Rovshan Allahverdiyev Chairperson of the Bank’s Executive Board
Aytan Abbasli Group director of Human Resources Department
Fargana Mammadova Head of Bank's Human Resources Management Department

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.

Shahin Mammadov Chairman - Deputy Director of PASHA Holding
Farid Mammadov Director of PASHA Holding's Business Group
Fakhri Ahmadov Committee member
Ulvi Baghirov Committee member
Ulviyya Abbasova Committee member

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.

Javid Mirzayev Chairman – Chief Risk Officer
Farid Huseynov 1st Deputy Chairperson of the Bank's Executive Board
Emin Mammadov Board member, Chief Financial Officer
Farid Hidayatzada Chief Corporate Sales Officer

Medium 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.

Farid Hidayatzada Chairman – Chief Corporate Sales Officer
Azar Huseynov Head of the Overdue Loans Initial Processing Department
Nijat Rasulov Head of the Credit Underwriting Department
Vahid Heydarov Associate Director of Risk Management Department – Head of the Unit
Nasimi Khasiyev Corporate Banking Department, Head of the Unit

Small 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.

Nasimi Khasiyev Chairman – Corporate Banking Department, Head of the Unit
Azar Huseynov Head of the Overdue Loans Initial Processing Department
Bakhtiyar Rasulov Corporate Banking Department, Head of the Unit
Sahib Hasanov Credit Monitoring, Head of the Unit
Garib Ahadov Credit Underwriting department, Senior specialist

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.

Kamala Nuriyeva Chairperson – Head of PASHA Holding`s Risk Management Department
Farid Mammadov Director of PASHA Holding's Business Group
Rauf Gulamaliyev PASHA Holding, Business Group Associate
Parvin Ahadzade Chairperson of the Bank's Audit Committee
Javid Mirzayev Chief Risk Officer
Emin Mammadov Board member, Chief Financial Officer
Elman Eminov Chief Economist of Group Strategy and Project Management department

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.

Rovshan Allahverdiyev Chairperson – Chairperson of the Bank’s Executive Board
Farid Huseynov 1st Deputy Chairperson of the Bank's Executive Board
Yashar Mammadov Deputy Chairperson of the Bank’s Executive Board
Emin Mammadov Board member, Chief Financial Officer
Punhan Narimanov Head of the Bank’s Treasury Department

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.

Azer Sadigov Chairperson - Group director of Finance, Treasury and Procurement department
Yashar Mammadov Deputy Chairperson of the Bank’s Executive Board
Mahir Eyvazov Strategy and Project Management department
Emin Mammadov Board member, Chief Financial Officer
Ramil Imamov Chief Retail Sales Officer

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.

Emin Mammadov Chairperson – Head of the Bank’s Financial Management Department
Jalal Gasimov Chairperson of the Supervisory Board
Samir Mammadov Customer Lifecycle Management Department
Parvin Mammadov Director of Bank’s Financial Management Department
Azer Sadigov Group director of Finance, Treasury and Procurement department
Mahir Eyvazov Group manager of Strategy and Project Management department
Elman Eminov Chief Economist of Group Strategy and Project Management department

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.

Chairperson of the Audit Committee Parvin Shirali oghlu Ahadzade
Member of the Audit Committee Ramil Dadashbala oghlu Haydarov
Member of the Audit Committee Jamil Vahid oghlu Mammadov

Corporate culture

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

Every employee providing services at the Bank should adhere to the following principles of customer relations, in order to promote the Bank’s interests:

  • 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.

Update date - 15.05.2019

Hörmətli istifadəçi

Azərbaycan Respublikasında fiziki şəxslərin problemli kreditlərinin həlli ilə bağlı əlavə tədbirlər haqqında Azərbaycan Respublikası Prezidentinin Fərmanına uyğun olaraq, fiziki şəxslərin xarici valyutada əsas kredit borclarının devalvasiya ilə bağlı manatla artmış hissəsi ilə əlaqədar Maliyyə Bazarlarına Nəzarət Palatası tərəfindən hazırlanmış güzəşt kalkulyatoru