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Belarusian, Iranian banks to step up cooperation

Economy 18.01.2018 | 16:25

MINSK, 18 January (BelTA) – Belarusian and Iranian banks intend to advance cooperation, representatives of the Association of Belarusian Banks told BelTA.

A delegation of top Iranian bank executives led by Mostafa Beheshti Rouy, member of the General Council for Islamic Banks and Financial Institutions (CIBAFI), Executive Director of Bank Pasargad, Iran's leading Islamic bank according to the Banker magazine, visited the Association of Belarusian Banks on 17 January. The head of the Iranian delegation expressed strong interest in advancing cooperation with Belarusian banks. It will help bolster trade and economic ties and increase Belarus-Iran trade.

The negotiations focused on the state and prospects of development of the Belarusian and Iranian banking systems. Opinions were exchanged about the role of professional banking associations in protecting rights and legal interests of their members and coordinating their activities.

The Iranian colleagues spoke highly of the Association's work to improve banking regulations, address problems in the course of operation of Belarusian banks, develop digital banking, increase the share of cashless transfers, and improve the financial literacy of Belarusians.

The Association of Belarusian Banks was established in 1990 with a view to coordinating the operation of credit and finance institutions. At present it comprises 36 banks and organizations.

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