According to the latest report released by Moody’s international rating agency on July 5, 2024, upgrading the country's long-term credit rating outlook from "stable" to "positive" and affirming the rating at the "Ba1" level, citing an improvement in the country's macroeconomic indicators. 

The agency also upgraded the long-term deposit rating outlook of the country's first bank, Kapital Bank, in both local and foreign currencies from "stable" to "positive," affirming the rating at the "Ba2" level. Additionally, the bank's Baseline Credit Assessment (BCA) was affirmed at the "Ba3" level, and its Long-Term Counterparty Risk (LT-CRR) rating was confirmed at the "Ba1" level.The agency highlights good quality loan portfolio, strong capital position supported by the bank's good internal capital generation capacity and solid profitability together with strong efficiency on assets as major factors affecting their decision.

As for the ratings published by Standard & Poor’s (S&P) on July 2, 2024, Kapital Bank’s long-and short-term issuer credit ratings were affirmed at “BB-/B.” This also underscores the bank’s strong and stable financial capabilities and credit potential, highlighting a positive future outlook. S&P particularly emphasized their expectations for further strengthening the bank’s position in the country’s financial sector over the next 12-18 months.

Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 120 branches and 53 departments all over the country. For more detailed information about the bank’s products and services, please refer to https://kapitalbank.az website, 196 Call Centre or the bank’s various social network pages. To apply for a consumer loan visit https://kbl.az/prgtk, for a Birbank installment card visit https://kbl.az/prcrc.