BAKU—Kapital Bank, Azerbaijan’s pioneering financial institution, has expanded its international operations by opening a correspondent account with the Bank of New York Mellon, one of the United States’ oldest and most established banks.

According to Azerbaijan State News Agency, this development is part of a broader strategy to enhance the efficiency of customer transfers and strengthen ties with leading global financial institutions. The Bank of New York Mellon, founded in 1784, is recognized for its robust global presence and long-standing financial stability. This new partnership coincides with Kapital Bank’s celebration of its 150th anniversary, marking it as a historic milestone that underscores its enduring role in Azerbaijan’s banking sector. Kapital Bank, a part of PASHA Holding, boasts the largest service network in the country with 119 branches and 53 departments. For more information on the bank’s services and new consumer products, customers are encouraged to visit the bank’s official website or contact centers.