Employees of “Kapital Bank” receive 3 thousand per month – 3 times more than the average monthly salary

As of January 1, 2024, the number of employees of Kapital Bank OJSC, which is the country’s largest bank in terms of assets, amounted to 5,313 people.
Yeniavaz.com reports that last year Kapital Bank spent 188 million 933 thousand manats on wages and bonuses.
This means that the average monthly salary and bonuses accrued per employee of Kapital Bank amounted to 2 thousand 963 manats.
For information, in 2022 this figure was 2,554 manats.
Over the past year, the average monthly salary of Kapital Bank employees increased by 16% or 409 manats. This exceeded the growth rate of average monthly nominal wages recorded in the country. Thus, in 2023, the average monthly nominal wage of employees in Azerbaijan increased by 11.2% compared to the previous year and amounted to 933.8 manats.
For information, 99.89% of the shares of Kapital Bank with an authorized capital of 265.9 million manat belong to Pasha Holding LLC, and 0.1% belong to other individuals.

Elnur Ali