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Association of Banks of Azerbaijan to Expand Co-operation with other CIS Bank Associations

Business Materials 24 May 2007 18:11 (UTC +04:00)

Azerbaijan, Baku / corr. Trend I.Khalilova / The Executive Director of the Association of Banks of Azerbaijan (ABA), Farhad Aliyev, said on 24 April that ABA has prepared projects of agreements on cooperation with the Association of Banks of Ukraine and Belarus. The documents are expected to be signed at the end of May and beginning of June. Initial agreements have already been reached on this issue within the banking conferences attended by the ABA representatives.

The ABA President, Eldar Ismaylov, plans to visit the aforementioned countries to sign agreements. Agreements with the Association of Banks of Uzbekistan, Kazakhstan and Kyrgyzia are now being developed. They are expected to be signed by the end of June. Similar agreements have already been signed with the Association of Banks of Russia, Georgia, Cyprus and Greece.

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