In the first half of 2016 JSC Capital Bank has recruited 101 people. Thus, the number of employees of JSC Capital Bank increased by 4.7% and amounted to 2,218 people, the semiannual report by the bank (goo.gl/qO7RWL) said.
This year the bank has opened another branch in Baku, in the Genclik Mall shopping center. Today, there are 22 branches of Capital Bank in Baku. The bank has the largest branch network in the regions of the country - 65 offices.
Note that JSC Capital Bank develops despite the financial crisis deepened after the devaluation of the manat in February 2015. Many banks have been closed and some have reduced their branch network and staff. ----08D
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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