Kapital Bank

Name

Kapital Bank

Legal name

Kapital Bank OJSC (Açıq Səhmdar Cəmiyyəti)

Website

https://kapitalbank.az

Company type

Public

Founded year

1874

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

General SME & Middle-Market Commercial Banking (FSABABAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

Keywords

• Retail banking services
• Consumer lending
• Digital banking
• Corporate banking
• Payment cards

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest income from cash loans (up to 50,000 AZN, 10.9%-39.8% annual rate), mortgage loans, micro business loans, auto loans, and deposit-guaranteed loans.
2. Card Services: Revenue from Birbank card products including Star (credit line up to 30,000 AZN), Cashback (up to 30% cashback, 2x VAT), Miles (airline miles), and Premium cards with annual fees and transaction commissions.
3. Money Transfers: Commissions from domestic transfers via Xəzri system (0.8%) and international transfers via Western Union and Zolotaya Korona (0.75%-1% depending on destination).
4. Deposits: Deposit products in AZN (up to 10% annual) and USD (up to 3% annual), with minimum 500 AZN/USD. Interest rates vary by term (1-36 months) and amount.
5. Bond Issuance: Corporate bonds with total issuance of 50,000,000 AZN in two tranches, paying 11% annual return with monthly interest payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Kapital Bank is Azerbaijan's first and largest bank, providing comprehensive retail, business, and private banking services through its flagship Birbank digital platform (over 3.4 million active users), branches, and ATMs. Core offerings include consumer cash loans up to 50,000 AZN, a portfolio of Birbank debit/credit cards (Star, Cashback, Miles, Platinum, Visa Infinite, Mastercard World Elite), deposits and savings accounts, mortgage and auto loans, micro-business and SME financing, domestic and international money transfers (Western Union, Zolotaya Korona, Xəzri), private banking via Birbank Invest, and insurance products.

Product overview

Kapital Bank operates as Azerbaijan's largest bank with a comprehensive digital banking ecosystem centered on the Birbank platform, which serves over 3.4 million active users. The product portfolio spans consumer and business banking through multiple channels including mobile app, web, and branch network. Core products include Birbank (digital platform), Birbank Star (credit card with credit line up to 30,000 AZN), Birbank Cashback (debit card with up to 30% cashback and 2x VAT), Birbank Miles (travel rewards card), and various premium variants (Birbank Platinum, Birbank Visa Infinite, Mastercard World Elite Miles). Student offerings include TələbəPlus and TəhsilPlus cards. Lending products cover cash loans up to 50,000 AZN, mortgage loans, micro business loans, car loans, and deposit-guaranteed loans. Deposit products include standard deposits (up to 10% annual for AZN), savings accounts (7% annual for AZN), on-demand deposits, and deposit safes. The bank also offers bonds (50 million AZN issuance at 11% annual return), money transfers via Western Union and Zolotaya Korona, private banking, and insurance services. Business banking is served through Birbank Biznes.

Differentiator

Problem solved

Functional benefit

Brands

• Birbank Star: Credit card with up to AZN 30,000 credit line, unlimited cash withdrawals and transfers, cashback from partners, and double VAT on QR payments.
• Birbank Cashback
• Birbank Miles
• TələbəPlus
• Birbank Platinum
• Birbank Visa Infinite

Products and services

• Birbank Digital Banking Platform
• Birbank Star Credit Card
• Birbank Cashback Debit Card
• Birbank Miles Travel Rewards Card
• Birbank Platinum Premium Card
• Birbank Visa Infinite Cashback
• Birbank Visa Infinite Miles
• Mastercard World Elite Miles
• TələbəPlus Student Card
• TəhsilPlus Educator Card
• Cash Loan (Nağd pul krediti)
• Micro Business Loans
• Car Loan (Avtomobil krediti)
• Deposit-Guaranteed Loan
• Mortgage Loans
• Term Deposit (Kapital depoziti)
• Savings Account (Yığım hesabı)
• On-Demand Deposit (Müddətsiz depozit)
• Deposit Safes
• Bank Bonds (İstiqraz)
• Money Transfers
• Private Banking (Birbank Invest)
• Insurance (Siğorta)
• Birbank Biznes Business Banking
• Trendyol Buy Now Pay Later (BNPL)

Quantifiable outcome

• 3.4 million active Birbank users demonstrating widespread digital adoption
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Small and Medium Business Development Agency (KOBİA)coreStrategic or Co-development Partner · 22 June 2026Kapital Bank (through Birbank Biznes) officially partnered the 7th Local Companies Promotion Exhibition organized by KOBİA and Marsol Group, bringing together over 300 local companies for B2B networking and government institution meetings.
• Marsol GroupcoreStrategic or Co-development Partner · 22 June 2026Co-organizer of the 7th Local Companies Promotion Exhibition with KOBİA, supporting small and medium enterprises in Azerbaijan across construction, food, ICT, education, manufacturing, agriculture, logistics, and textile industries.
• VisacoreTechnology or IntegrationGlobal payment network partnership enabling Birbank Visa cards including Visa Infinite Cashback and Visa Infinite Miles. Partnership includes metro payment promotions (30 qəpik per ride) and support for TələbəPlus student card project.
• Western UnionmajorTechnology or IntegrationInternational money transfer service available at Kapital Bank branches for sending and receiving money to/from over 200 countries worldwide.
• Zolotaya KoronamajorTechnology or IntegrationExpress money transfer system covering CIS countries, Russia, Georgia, Kazakhstan, Turkey, and other countries. Transfer time: approximately 5 minutes. Single transaction limit: 10,000 USD.
• TrendyolminorChannel Partner/ Reseller/ DistributorBuy Now Pay Later partnership allowing Birbank customers to shop on Trendyol e-commerce platform with deferred payment options.
• Təhsilin İnkişafı Fondu (Education Development Foundation)minorStrategic or Co-development PartnerPartnership supporting TələbəPlus student card project alongside Visa, providing student-focused banking services including discounts and scholarship management.
• e-gov.azcoreTechnology or IntegrationIntegration with Azerbaijan government electronic services portal for seamless access to government services.
• ADIF (Azerbaijan Deposit Insurance Fund)coreTechnology or IntegrationDeposit insurance system participation ensuring customer deposits are protected under Azerbaijan's deposit insurance scheme.

Scale indicators5 records

Recent moves6 records

Direct peers

• Pasha Bank: One of Azerbaijan's largest privately held universal banks serving retail, SME and corporate clients; direct competitor for deposits, cards, SME lending and digital banking customers in the same market.
• Bank Respublika: Azerbaijani universal bank offering retail deposits, consumer loans, cards and SME products; competes head-to-head with Kapital Bank for mass-market and SME customers in Azerbaijan.
• AccessBank Azerbaijan: Azerbaijan-focused bank with strong micro/SME and consumer finance presence; comparable in micro business lending, agency banking and financial inclusion positioning.
• International Bank of Azerbaijan: State-linked Azerbaijani bank offering full retail, corporate and treasury services; comparable scale and product breadth in the same regulated market.

Broad incumbents

• Halyk Bank: Largest universal bank in Kazakhstan with a dominant retail franchise, leading digital platform and similar mass-market card/deposit positioning; useful regional benchmark for scale, ratings and digital adoption.
• OTP Bank: Large Central/Eastern European universal bank with strong retail, SME and digital banking franchises; comparable as a broad incumbent operating adjacent emerging markets with similar product breadth.

Emerging players

• Kaspi.kz: Kazakhstan's leading super-app combining payments, marketplace and BNPL with a banking licence; comparable in the consumer/payments-led digital banking model that Birbank aspires to in Azerbaijan.

Regional players

• TBC Bank Group: Major retail and SME bank in Georgia/Caucasus with a digital-first strategy; comparable Caucasus peer with similar customer segments and digital-led growth narrative, though operating in a different country.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/KapitalBankOJSC
• Facebookfacebook.com/kapitalbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kapital Bank