The third meeting of the Interbank Consortium Council within the Shanghai Cooperation Organization was held in Bishkek on August 15, 2007. In attendance were heads of the Kazakhstan Development Bank, the China State Development Bank, the Settlement and Savings Company (the Kyrgyz Republic), the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” (the Russian Federation), the Tajikistan National Bank and the Uzbekistan National Bank for Foreign Economic Affairs.
SCO Secretary General B.K. Nurgaliev participated in the Council’s meeting.
The participants in the meeting were presented with the welcoming address on behalf of Kyrgyz President K.S. Bakiev.
The meeting was chaired by Interbank Consortium Council Chairman, Vnesheconombank Chairman Vladimir Dmitriev. In his introductory address he stressed that partners’ joint efforts gave the Interbank Consortium’s activity a major boost for a relatively short period of time – less than two years. “The Interbank Consortium is becoming an authoritative player in the SCO economic zone, it is instrumental in establishing business and human relations between leading SCO financial institutions,” said Vladimir Dmitriev.
The participants practically discussed issues of the Council’s day-to-day and future activity, above all, multilateral projects of great importance to SCO countries’ economies in such sectors as power engineering, transport infrastructure and advanced technologies.
They also signed “Regulations governing SCO Interbank Consortium member banks’ joint efforts in selecting, examining and implementing investment projects. This document is a significant step in developing appropriate instruments the Interbank Consortium needs to get down to joint practical work.
Interbank Consortium member banks expressed their readiness to use other forms of interbank cooperation too.
Kazakhstan Development Bank Board Director A.B. Sembin was elected next Chairman of the Interbank Consortium Council for 2007-2008.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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