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

Jalal Gasimov Chairperson - Chairperson of the Supervisory Board
Mir Jamal Pashayev 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

Credit Committee

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

Small Credit Committee

Farid Hidayatzada Chairperson – Head of the Bank's Corporate Banking Department
Vahid Heydarov Head of the Bank’s Loan Risks Management Unit
Azar Huseynov Head of Bank’s Bad Loan Management Department

Risk Management Committee

Afag Mustafayeva Chairperson – member of the Bank’s Supervisory Board
Farid Mammadov Director of PASHA Holding's Business Group and Deputy Executive Director 
Kamala Nuriyeva Head of PASHA Holding’s Risk Management Department
Parvin Ahadzade Chairperson of the Bank's Audit Committee
Javid Mirzayev Chief Risk Officer
Emin Mammadov Board member, Chief Financial Officer
Ali Akhundov Head of the Bank’s IT Infrastructure and Bank Systems Department
Elman Eminov Chief Economist of Group Strategy and Project Management department

Asset and Liability Management Committee

Rovshan Allahverdiyev Chairperson – Chairperson of the Bank’s Executive Board
Farid Huseynov 1st Deputy Chairperson of the Bank's Executove 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

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 Head of Bank's Branch Chain Management Department

Transformation Committee

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
Nahid Zeynalov Deputy Chairman of the Bank’s Executive Board, Chief IT Officer

Strategy and Budget Committee

Emin Mammadov Chairperson – Head of the Bank’s Financial Management Department
Jalal Gasimov Chairperson of the Supervisory Board
Samir Mammadov Head of Bank's Strategic Projects 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

Chairperson of the Audit Committee Parvin Shirali oghlu Ahadzade
Member of the Audit Committee Murad Rafig oghlu Ahmadov
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 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.