Cooperation with International financial institutions
The Bank continues work on attraction and development of credit lines of International financial institutions and development banks. The Bank's main objective is to attract long-term resources for refinancing to the small and private business entities.
Currently, the Bank conducts intensive negotiations with the German KfW bankengruppe, EBRD and Islamic Development Bank for attraction of long-term financial resources for financing the projects of small and private businesses, as well as microfinancing for individuals and legal entities.
The Bank also intends to cooperate with the International Finance Corporation (the structure of the World Bank Group) and the Asian Development Bank in terms of attraction of similar credit lines for microfinancing and SPE.
In perspective the Bank plans to establish the intensive cooperation with the leading export credit agencies (ECA), in order to obtain insurance cover for long-term investment and loans of commercial banks of the West.
Bank membership in the international organizations:
- International payment system VISA International (associated membership)
- Western Union - fast money transfer (agency)
- Society of Worldwide Interbank Financial Telecommunications (S. W. I. F. T.)
In the near future, the Bank plans to join various international banking associations and societies of Asia and Europe.