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Delegation of managers of Belarus banks visited Kazakhstan

04.10.2013 16:06:57

Almaty, October 4, 2013 - Delegation of managers of the banks of the Republic of Belarus and representatives of Belarus Banks Association is on a work visit in the Republic of Kazakhstan. During the visit, managers of Belarus banks will hold a number of business meetings and negotiations with Kazakhstan colleagues, discuss various business issues and share their experience.

On Wednesday, October 2, a meeting was held between Belarus delegation and Kazakhstan Financiers Association and representatives of Kazakhstan financial institutions. The parties discussed the issues related to the activities of regional financial centers, issues of the bank's corporate governance, development of risk management and internal control systems and increase of people's financial literacy.

On Thursday, October 3, Belarus delegation visited units of BTA Bank JSC and held meetings with BTA Bank JSC's management. The meeting was also attended by the managers of SK Leasing JSC leasing company and KazExportGarant JSC export-credit insurance corporation. During the meeting the top managers of Belarus banks considered tendencies and prospects of development of banking sectors of Kazakhstan and Belarus, issues of financing of export and import transactions between the two countries, assessed leasing operations development prospects and exchanged experience of work on international capital markets and alignment of systems of risk management, internal control and corporate management.

BTA Bank JSC maintains cooperation with banks of Belarus since year 2004. Since that time BTA Bank JSC has financed 420 trade transactions with participation of Belarus banks for the total amount of USD 208.5 mln. Due to dynamic development of trade relations between Kazakhstan and Belarus under Custom Union and Common Economic Space, BTA Bank JSC and a number of Belarus banks agreed to expand their cooperation in the area of financing of trade operations, including with participation of KazExportGarant JSC export-credit insurance corporation.

Notably, the visit of delegation of Belarus financiers is held during the time of official visit of the President of the Republic of Belarus Mr. A. Lukashenko in Kazakhstan, which focuses on considering a variety of issues of cooperation between two countries in different spheres, including financial sector. In this context, the meeting of financiers of both countries can be considered as practical realization of top level arrangements with respect to the need of developing direct interaction between financial institutions of Kazakhstan and Belarus.