ADFIAP, Azerbaijan Associations forge cooperation protocol

Invited and hosted by the Azerbaijan-Turkey Business Association (ATIB), ADFIAP Secretary General, Octavio B. Peralta visited the Azerbaijan capital city of Baku on October 8-9, 2009 to meet with same-purposed organizations and related government bodies to interest them in cooperating with ADFIAP on information and knowledge exchange on sustainable development as well as joint programs of mutual interest, including membership of Azerbaijan banks in ADFIAP.

In the ATIB headquarters, Mr. Peralta met first with its President, Prof. Ahmet Erentok and several of ATIB’s member-banks and affiliates where he introduced ADFIAP and presented its programs and activities. Interaction ensued and there was positive response for international cooperation.

The Azerbaijan Banks Association (ABA) was also visited by Mr. Peralta, meeting with its current Chairman, Mr. Eldar M. Ismayilov and its Executive Director, Mr. Farhad Aliyev. Other institutions visited by Mr. Peralta were the International Bank of Azerbaijan (Mr. Jahangir F. Hajiyev, Chairman of the Board), the State Committee for Securities (Mr. Mehman A. Abbas, Head of Executive Administration), the Ministry of Economic Development (Mr. Sahil R. Babayev, Chief Advisor, Mr. Elchin Ahmadov, Head of Division for Cooperation with International Financial Institutions and Mr. Fuad Ahmadov), the Azerbaijan Investment Company (Mr. Afgan Isayev) and the Central Bank of Azerbaijan, where Mr. Peralta met with its Governor, Dr. Elman Rustamov and Mr. Rashad Orujov, Director for Banking Supervision.

The tangible result of the meetings was the adoption of cooperation agreements between ADFIAP and ATIB and between ADFIAP and ABA to pursue joint activities such as conferences, training programs and mission exchanges.

ATIB is one of the prestigious unions uniting businessmen of Azerbaijan and from foreign countries operating in the country. It has gained great achievements during the period from its establishment by being the public union representing the interests of the business circle.

ABA is the public union that joins banks and non-banking credit institutions operating in Azerbaijan, with currently 48 members.

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