Azerbaijan, Hungary Sign Memorandum Of Cooperation In Banking Sector
Date
4/26/2023 9:16:10 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 26. President of the
Azerbaijan Banks Association (ABA) Zakir Nuriyev and Secretary
General of the Hungarian banking Association Levente Kovács signed
a Memorandum of Cooperation on April 26, trend reports with
reference to the ABA.
The memorandum provides for the Promotion of cooperation between
the parties, the organization of events, including joint
educational programs, the exchange of information between member
banks of both organizations, the development of correspondent
relations and the implementation of other activities related to the
banking and financial sector.
At the same time, the issues of cooperation include the fight
against fraud in the field of digital payments, cooperation in the
field of cyber security in banks, the exchange of experience in
optimizing tariffs for various services, the study of international
experience in matters related to the implementation of relevant
government programs.
The Azerbaijan Banks Association was founded in 1990. The main
purpose of the association is to protect the interests of member
organizations, assist in meeting their needs in various types of
business services and coordinate their activities. ABA members
include 25 banks and 5 non-banking organizations.
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