Vnesheconombank Held Consultations at the Expert Level of the SCO Interbank Association
16.03.2009 11:20
Vnesheconombank, as a Bank of the Chairman of the SCO Interbank Association of the Shanghai Cooperation Organization (SCO IBA), held the senior officers and experts' meeting on March 12.

As reported by the Press Service of Vnesheconombank, in the course of the consultations current cooperation topics of IBA were discussed. The participants to the meeting focused special attention on clarification of agenda items of the forthcoming IBA Council meeting on the level of presidents of banks-members of the Association to be held in Yekaterinburg and preparation of terms of IBA cooperation with the SCO observer countries banks.

The meeting also devoted great care to issues of cooperation of the SCO observer countries with financial institutions, developing cooperation with the SCO Business Council, SCO IBAs Internet site creation.

Representatives of partner banks exchanged opinions and information about updating the bank for the projects and selection of SCO IBAs pilot projects.

SCO IBA was founded on October 26, 2005; its activity is directed on support of regional economic cooperation. The Association consists of authorized banks of the SCO member states: the Development Bank of Kazakhstan JSC, the State Development Bank of China JSC, RSK Bank OJSC, State Corporation Bank of Development and Foreign Economic Affairs (Vnesheconombank), the State Savings Bank of the Republic of Tajikistan "Amonatbonk", National Bank for Foreign Economic Activity of the Republic of Uzbekistan.

Since 2008 the Eurasian Development Bank has been the Associations partner bank.

During 2008-2009 Vnesheconombank Chairman Vladimir Dmitriev has been Chairman of the Board of SCO IBA.