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Azerbaijani Association of Banks to resume talks with Pakistani banks

Business Materials 12 December 2008 18:57 (UTC +04:00)

Azerbaijan, Baku, Dec.12 / Trend , corr. I.Khalilova /"The Azerbaijani Association of Banks (AAB) to renew consultations with the Pakistani bank association to sign an agreement on the collaboration", Eldar Ismaylov, the President of AAB, said.

""We plan to enlarge ties with the bank associations of other countries since 2009  in particular with the association of Pakistan banks, with which it was planned to conclude agreement even in 2008", Ismaylov said.

There is one Pakistan bank in Azerbaijan one Pakistani. The National Bank of Pakistan (with 75% share of government) opened in Azerbaijan its branch in July 2005.

Bank associations set up relations for the purpose of exchange of information about the processes on the bank markets for other countries, acquaintance with their legislation in the region of bank activity and so forth

AAB already has agreements about the collaboration with the bank associations of Ukraine, Belorussia and Latvia.

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