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Session of senior officials and experts of bank-members of SCO Interbank Association held in Astana

Astana. February 1. Kazakhstan Today - The session of the senior officials and experts of bank-members of Interbank Association of the Shanghai Cooperation Organization came to the end (IBA SCO) on Thursday in Astana under the presidency of Development Bank of Kazakhstan, the agency reports referring to the IBA press service. According to the press service, during the session the questions of possible mechanisms of guarantees and insurances of investments at joint realization of projects, prospects of cooperation with SCO Business Council, financial institutions of SCO states-observers have been considered. The bank of joint projects offered by IBA members for joint realization has been updated and other questions of current work of the association were discussed. The agreement of interbank cooperation between the authorized banks of the SCO member states was signed on October 26, 2005. As of today, IBA SCO banks-members are: Development Bank of Kazakhstan , the China State Development Bank, Settlement and Saving Company (Kyrgyzstan Republic), the State Corporation - Development Bank and Foreign Trade (Foreign Trade and Investment Bank) (Russian Federation), the National Bank of Tajikistan and the National Bank of Foreign Trade of Uzbekistan. The chairman of IBA SCO Council for 2007 - 2008 was elected on August 15, 2007 in Bishkek during the IIIth session of IBA SCO Council of the Development Bank of Kazakhstan.

Resourse: Kazakhstan Today

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