OREANDA-NEWS. September 08, 2009. Kapital Bank, having the most developed network of branches in Azerbaijan, continues attract attention even after its complete privatization.

Informed sources said that information spreads in the bank sector that the shareholders of Kapital Bank are not satisfied with activity of present leadership of bank and in this connection fast personnel replacements are expected in the leadership.

At the same time, the bank sources report that the information is groundless in full.

“Shareholders send work of leading personnel in the proper way and did not express discontent over its activity. The bank works normally,” the bank reported.

At the same time, temporal limitations of loan practice have operated since July.

Limit for automobile and consumer loaning (in the amount of up to AZN 3,000) was allocated to the bank It was expected that moratorium would last 2-3 months.

This June KB formed new membership of its Board. The Board composes five members: CEO of Kapital bank OJSC Elmar Mammadov, his deputies Yashar Mammadov, Araz Aliyev, Murad Shiraliyev and a member of board Mahetdin Mammadov.

On May 31 2009, at an extraordinary general session the KB shareholders approved new membership of the Supervisory Board which now composes chairman of supervisory board Vadim Shneier and members Rauf Hajiyev, Nofel Rzayev, Araz Aghayev, Farkhad Amirbeyov.

At then meeting it was also elected new staff of KB Audit Committee.

After full privatization the KB final shareholder structure is as follows: Pasha Holding 97.5% and Bank’s 2,400 employees – 2.5%.