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Head of Association of Belarusian Banks elected deputy chairman of FBA EAC Coordinating Council

Economy 13.03.2019 | 17:05
Alexander Kuchinsky. Archive photo
Alexander Kuchinsky. Archive photo

MINSK, 13 March (BelTA) - President of the Association of Belarusian Banks Alexander Kuchynsky has been elected Deputy Chairman of the Coordinating Council of the Financial & Banking Association of Euro-Asian Cooperation (FBA EAC), spokesman for the Association of Belarusian Banks Pavel Smirnov told BelTA.

“We would like the Belarusian financial sector to have a stronger voice in our association and the programs implemented by the Belarusian financial institutions to be reflected in our projects,” said Alexander Murychev, the Chairman of the FBA EAC Coordinating Council, Chairman of the International Banking Council, Executive Vice President of the Russian Union of Industrialists and Entrepreneurs.

The Association of Belarusian Banks joined the FBA EAC last year. Today, domestic financial institutions and their clients have the opportunity to participate in various programs implemented by the association.

Financial and Banking Association of the states members of the Shanghai Cooperation Organization was set up in 2013. In 2016, it was renamed into Financial & Banking Association of Euro-Asian Cooperation (FBA EAC). The main objective of the association is to promote interbanking cooperation between the states – members of the SCO, BRICS, EAEU, EU. Currently members and partners FBA EAC are 42 institutions, including the financial and banking associations of Russia, CIS, Tajikistan, Kazakhstan, Kyrgyzstan, Azerbaijan, Central and Eastern Europe, banks and commercial organizations of China, Kazakhstan, Slovenia, Russia, Romania, and Uzbekistan.

The Association of Belarusian Banks was established in 1990 to coordinate the activities of financial institutions. Currently it brings together 36 banks and organizations. The association is one of the founders and a member of the International Coordinating Council of Banking Associations in the CIS, Central and Eastern Europe. The association has concluded partnership agreements with more than 20 banking and business associations of Russia, Ukraine, the CIS, EAEU, Central Asia and Europe.

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