The Joint-Stock Commercial Bank «Kapitalbank» is one of the first private banks to appear in the financial market of independent Uzbekistan. Its history began in April 2001, when the bank commenced operations based on a license from the Central Bank of the Republic of Uzbekistan, thereby laying the foundation for the further development of the country's private banking sector.

The first years of operation were a time for the bank to establish and strengthen its position, and in 2004, a significant event occurred in its history: Kapitalbank merged with the Joint-Stock Commercial Bank «Aviabank» (Tashkent). This merger opened a new stage in the organization's development — the bank was re-registered in a new organizational and legal form, which allowed for the expansion of its activities and the strengthening of its financial base.
Several years later, in December 2008, the bank approved its charter in a new edition and received its full official name — Open Joint-Stock Commercial Bank «Kapitalbank», under which it continues to operate to this day.

Today, the bank's activities are built on a solid legal foundation: it operates under the Central Bank's license for conducting banking operations No. 69 dated December 29, 2014, as well as the General License for conducting foreign currency operations No. 64 dated August 29, 2014. These documents confirm Kapitalbank's status as a full-fledged participant in the country's financial system, possessing the right to carry out the entire range of banking services — from classic operations to complex foreign exchange transactions.

Over nearly two and a half decades of operation, Kapitalbank has demonstrated rapid and consistent growth — both in the segment serving corporate clients and in the retail direction focused on individuals. This result was made possible by a systematic approach to development: the bank consistently invests in the continuous implementation of new technologies and innovations, adapting its products and services to changing customer needs and the demands of the times.

It is precisely this strategy that has allowed the bank to take a leading position in the domestic market, deliver high-quality, customer-oriented service to a growing client base, and gain international recognition — today «Kapitalbank» is rightfully considered one of the most reliable and financially stable banks in the country.