Chief of Azerbaijan's Association of Banks to Participate in Work of CIS Banks' Coordination Council

A Scientific and Coordination Council of Banks of CIS countries under the chairmanship of Chairman of the CIS Executive Committee, Vladimir Rushaylo, is expected to be held in Moscow on 1 December, Eldar Ibrahimov, President of the Association of Banks of Azerbaijan, who is expected to take part in this event as well, informed Trend.

This is of a great important to us. Our Azerbaijani bank, the International Bank of Azerbaijan (IBA), is operating in Russia. We are establishing ties with banks operating in the Middle Asian Republics, Ukrainian banks, as well as with Byelorussia (during the visit of Azerbaijani President Ilham Aliyev to Belarus, an agreement on economic co-operation was signed), stated Ibrahimov.

According to Ibrahimov, Azerbaijan banks should establish correspondent and business relations with the corresponding institutions operating in the territory of Former Soviet Union as well.

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