17.06.2009 /Operations
 On Holding a Meeting of the Shanghai Cooperation Organization Interbank Consortium Council
On June 14, 2009 a meeting of the Shanghai Cooperation Organization Interbank Consortium Council was held in Yekaterinburg. The meeting was chaired by Vladimir Dmitriev, the current chairman of the Interbank Consortium Council, the Chairman of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’. Heads of the SCO Interbank Consortium member banks discussed issues of improving the Consortium’s activity, ways of promoting cooperation with the SCO Business Council. They placed much emphasis on sharing business experience, member banks’ participation in implementing crisis management measures carried out by SCO member states. At the meeting of the Interbank Consortium Council, SCO Interbank Consortium members approved a number of documents. They signed a Resolution on Cooperation with Financial Institutions of SCO Observer States and on the Status of the SCO Interbank Consortium Observer Bank. The Document regulating relations between the SCO Interbank Consortium with observer states’ financial institutions sets forth principles, procedures forms and lines of potential cooperation. The Resolution forms an appropriate legal framework for enabling observer states’ banks to work jointly with the SCO Interbank Consortium. The document approved in Yekaterinburg provides for boosting the process of identifying by observer states appropriate national institutions that would become full partners of the SCO Interbank Consortium in interbank cooperation. They also signed an Agreement on Cooperation in personnel training, business experience sharing between SCO Interbank Consortium member states. This Agreement aims to boost coordination and improve mechanisms for cooperating between SCO Interbank Consortium member banks in personnel training, business experience sharing and deepening of multilateral expert’s dialogue. Eurasian Bank Management Board Chairman Igor Finogenov took part in the Interbank Consortium Council meeting. The SCO Interbank Consortium was established on October 26, 2005. Its activity is aimed at supporting interregional economic development The Interbank Consortium incorporates the following SCO member states’ authorized banks: the Kazakhstan Development Bank, the China State Development Bank, RSK Bank (Kirgizia), State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, the Tajikistan State Savings Bank “Amonatbank”, the Uzbekistan National Bank for Foreign Economic Affairs. The Eurasian Development Bank has been the partner of SCO Interbank Consortium since 2008 Vnesheconombank Chairman Vladimir Dmitriev has been the Chairman of the SCO Interbank Consortium Council during 2008-2009. Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
|
