Net Profit of Capital Bank Doubled

In 2014 OJSC Capital Bank earned 65.9 million of net profit, which is two times more than in the previous year.

According to the profit and loss account, in the past year the interest and similar income of Capital Bank amounted to 125 million manat, and the non-interest income was 75 million manat. The operating profit amounted to approximately 85 million manat, 43 million manat more than in 2013.

The accrued amount of tax on profits was 16 million 142.6 thousand manat.

It should be noted that last year the bank's shareholders sent the profit (21 million) for the payment of dividends, and the retained earnings for the previous year was sent to increase the share capital.

On 31 March 2015 the authorized capital of Capital Bank was 185 million manat. At the beginning of the year retained earnings of the bank exceeded 86 million manat The bank's assets grew by 31% and reached 1 billion 380 million manat by January 1, 2015.

LLC Pasha Holding has 99.87% of the shares of Capital Bank. The remaining 0.13% of the shares is divided among 170 minority shareholders.

The nominal value of one share of the bank is 12.39 manat. ----08B