Kyrgyzstan Urges German Banks To Open Correspondent Accounts In Country
Date
6/21/2024 2:21:21 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, June 21. The first deputy
chairman of the Cabinet of Ministers of Kyrgyzstan, Adylbek
Kasymaliev, suggested that German banks take into consideration
setting up correspondent accounts in Kyrgyzstan, Trend
reports.
According to the Kyrgyz Cabinet, he made this statement during a
meeting with the Managing Director of German AKA Bank, Mark
Venchik, on the sidelines of the Kyrgyz-German business forum in
Frankfurt am Main.
Kasymaliev said that the opening of these accounts would be a
significant step in strengthening mutual cooperation between the
two countries. He noted that the Cabinet of Ministers is taking
decisive measures to increase trust in Kyrgyzstan's banking
system.
He also emphasized that Kyrgyzstan is interested in establishing
and developing cooperation with Germany. Kasymaliev pointed out
that the forum provides a good opportunity for exchanging views,
ideas, and plans for further developing mutually beneficial
cooperation in all areas of mutual interest.
In response, Mark Venchik expressed his readiness to cooperate
in all areas of mutual interest, particularly in renewable energy,
logistics, and the mining industry. The Managing Director of AKA
Bank also highlighted the great potential for cooperation in
healthcare and the extraction of critical minerals.
Venchik positively noted the trends in Kyrgyzstan's economic
development, the significant strengthening of budgetary discipline,
and the improvement of macroeconomic indicators in recent
years.
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