Azerbaijan, Baku, Nov. 15 / Trend J. Nasibova /
There is a need in the CIS to build and develop a strong infrastructure, Secretary General of the Banking Association for Central and Eastern Europe Istvan Lengyel said at the V Baku International Banking Conference of the CIS member-states: "CIS financial markets: new opportunities and global risks" today.
"It is not easy to attract funding for infrastructure projects in the CIS, however, there are opportunities for this and to attract the funds of the international financial institutions," Lengyel said.
He said that infrastructure projects are financed in some countries by various organizations, including pension funds. However, in these cases, one must consider the level of awareness and preparedness of such institutions to the risks, as risk management plays an important role in these processes.
He stressed that taking into the existing risks, the number of small banks must be reduced, thus increasing the number of financial markets and funds.
"This process can be carried out through the consolidation of banks, that is, their enlargement, as well as by increasing the requirements for the banks' capitalization," he said.