Kocbank Azerbaijan LTD CJSC Bank increased its Authorized Capital up to 2,000,000 (two million) USD in August 2004.
The principal reason for banks` incorporation in the international arena was to increase in market shares in the period of intense competition and improvement of possibilities offered to investors to invest in realization of large projects as well.
The product assortment offered by Yapı Kredi Bank (Azerbaijan) CJSC in the field of banking services will be upgraded agreeable to the legislation of the Azerbaijan Republic and occupy a worthy place in the financial market with its large product assortment, technological innovations and preferences.
To realize this target, the bank covers the below-mentioned directions in its activity: a) To take an active part in the international investment market; b) To meet the needs of corporate and private customers; c) To apply international sources in a manner to meet the Azerbaijani market on financing projects; d) To establish much more customer service points through increasing number of departments; e) To take an active stand in the credit market of Azerbaijan complying with international risk management standards; The Lading structure of the bank is formed by the Founders` (Shareholder`) General Meeting, the Supervisory Board, the Audit Committee and Management Board.
Improvement of product assortment and application of modern technologies take an important part in the line of bank duties.