Azerbaijan, Baku, Oct. 21 / Trend N.Ismayilova /
There is a growing interest in obtaining membership in the Central Eurasian Banking Federation, which was established in October 2009, Azerbaijani Association of Banks (AAB) President Eldar Ismayilov said on Tuesday.
"The Coordination Council of the GUAM Banking Associations pursues a certain policy in the Black Sea region. In addition to the Black Sea region, the Central Eurasian Banking Federation also covers the Caspian region," Ismayilov said.
He said the Central Eurasian Banking Federation will include the Association of Banks of the Central Europe, Central Caucasus and Central Asia, which will jointly develop a policy of banking and monetary systems.
"The business relations among the countries of the region have effectively and intensively developed. Bankers should play an affirming and advanced role in this integration," Ismayilov said.
Ismayilov said the banking associations of Turkey, Belarus, Tajikistan and Moldova also expressed desire to participate, but these countries' legislations differ from Azerbaijan's for technical reasons. They are not registered as legal entities, as required by the Azerbaijani legislation, but as public organizations, which are yet at the stage of obtaining a membership.
"The Association of Banks of the Central and Eastern Europe have also expressed a desire to join the Federation. We expect that the association of banks of Russia and Kazakhstan will also take interest in entering the Federation," he said.
The headquarters of the Central Eurasian Banking Federation will be located in Baku.
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