“At Kapital Bank, we pave the way for future innovations with 150 years of experience” – Farid Huseynov, Chairman of the Board and CEO
Kapital Bank celebrates its 150th anniversary, marking a significant milestone that highlights the bank’s rich history, continuous growth, and modern-day projects. In an exclusive discussion, Farid Huseynov, Chairman of the Board and CEO, shares insights into the recent successes and future goals of Azerbaijan’s first bank.
- Kapital Bank also undertakes significant work in the field of corporate social responsibility. What are the bank’s future plans regarding sustainability and environmental responsibility?
- The direction of corporate social responsibility is one of our main priorities. The Red Hearts Foundation, created with the direct support of Kapital Bank, plays a significant role in these areas.
The Red Hearts Foundation supports three different directions: society, the environment, and animals, creating positive impacts in environmental and social areas. Last year alone, within the framework of the “Vətən bağı” project, nearly 1,000 trees were planted in 5 regions, including Lerik, Dashkasan, Aghstafa, Gazakh, and Shabran. Through the “Təmiz mühit, Təmiz gələcək” campaign, 15 hectares of land were cleared of more than 4 tons of waste. The “Kitabgəzər Kitabxanası” project donated nearly 3,000 books to 55 rural schools in 29 districts and cities of our country. Through the “Batareyaları təhvil ver, təbiəti qoru” project, nearly 780 kg of batteries were collected and handed over to the Ministry of Ecology and Natural Resources. Educational scholarship programs, initiatives for the protection of animals, and other social projects are also part of the foundation’s activities.
The financing of green projects, significant discounts on eco-friendly car loans, efficient use of eco-resources, and implementation of projects aimed at reducing waste are among Kapital Bank’s main strategic directions. One of the key outcomes of these projects in 2023 was the increase in digital transactions, an approach that helps Kapital Bank contribute to both environmental protection and social welfare.
I would also like to highlight initiatives for the development of science and education. Within the framework of our cooperation with the Ministry of Education, we are one of the main partners of the National Subject Olympiads.
Regarding the second part of your question, Kapital Bank’s 2024-2026 strategic plan is already prepared, and ESG (environmental, social, and governance) is one of our main strategic directions. At Kapital Bank, we consider sustainability as an integral part of our strategic goals. In line with the roadmap prepared by the Central Bank and the new strategy, we have many initiatives, and these are reflected in our 2024-2026 development strategy. First of all, I would like to emphasize our projects in the “Sustainable Finance Initiatives” and “Digital Finance Initiatives” directions. We have been taking steps to increase financial inclusion through the development of digital financial solutions and the promotion of innovations since 2021, and we are receiving positive impacts from our initiatives to date.
As our ESG activities expand, the responsibilities of our leaders and employees in this direction continue to grow. By placing ESG principles at the center of our strategic planning and activities, we ensure that both our leadership and employees take more initiatives in this direction.
Source of the news: https://azertag.az/xeber/__kapital_bank_olaraq_150_illik_tecrube_ile_geleceyin_innovasiyalarina_yol_achiriq___idare_heyetinin_sedri_bas_icrasi_direktor_ferid_huseynov-3117978
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