(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 11. A meeting was held
with the participation of representatives of the Azerbaijan Banks
Association (ABA) and the Islamic Development Bank (IsDB), trend reports.
The main purpose of the meeting, held with the participation of
the "Group of Experts on Credit Business" operating under the ABA
and the delegation of the IsDB group, is to expand the framework of
cooperation between the Islamic Development Bank and
Azerbaijan.
During the meeting, the sides exchanged views on strengthening
cooperation between the ABA and the IDB group, the demand for
Islamic banking in Azerbaijan, opportunities to promote long-term
financing and foreign direct investment by foreign banks.
The Association of Banks of Azerbaijan 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. APA
members are 24 banks and six non-banking organizations.
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