Azerbaijan's Azer-Turk Bank, Tajikistan's Amonatbonk Sign Document On Co-Op
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 5. Amonatbonk (the
State Savings bank of Tajikistan) and Azerbaijani Azer-Turk Bank on
April 4 signed a Memorandum of Understanding, eyeing to strengthen
the collaboration between the two financial institutions, trend reports via
Ammonatbonk.
The agreement was signed by the heads of Amonatbonk and
Azer-Turk Bank within the frame of Azerbaijan-Tajik Investment
Forum in Dushanbe.
After the signing of the document, a B2B (business-to business)
meeting was held between the heads of Amonatbonk and the
Azerbaijani bank.
The sides discussed issues of bilateral cooperation and the
establishment of banking operations, such as the opening of
correspondent accounts, overnight placement, currency exchange, and
mutual exchange of practices.
The bank executives agreed to create a working group from the
relevant staff of the central offices of the banks and to implement
the specified plans as soon as possible.
The bank noted that the bilateral meeting between Amonatbonk and
Azer-Turk Bank has created a good foundation for further
cooperation.
The Azerbaijani-Tajik Investment Forum with the participant of
Azerbaijani delegation headed by Deputy Minister of Economy of
Azerbaijan Sahib Mammadov has kicked off in Tajikistan's capital
Dushanbe on April 4.
More than 200 representatives from both countries' business
circles are participating in the forum. The Azerbaijani side is
represented by about 40 companies.
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