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Azerbaijan Banks Association awarded APA

22 December 2017 04:46 (UTC +04:00)

On December 21, "Banking Awards-2017" ceremony was held by the organizational support of the Azerbaijan Banks Association (ABA), APA-Economics reports.

Representatives of the top management of commercial banks, representatives of international financial institutions in Baku, leaders of expert groups under the ABA, media partners and others attended the event.

Speaking at the event, ABA President Zakir Nuriyev noted that the experts of the organization in 2017 participated in the development and application of a number of bills and regulations.

Z.Nuriev, having touched upon the issue of establishing a bank ombudsman, noted that this step corresponds to the world banking practice: "ABA also organized an international IT conference on cybersecurity in the financial and banking sector, the 2nd banking forum on "Adapting the banking sector to the current stage of development: reforms, results, prospects."

During the forum, local and foreign experts held interesting presentations, expressed interesting and useful opinions.

The relations with local structures, in particular the Central Bank, the Chamber of Control over Financial Markets, the Ministry of Taxes, the Center for Analysis of Economic Reforms and Communications, and with international organizations such as the IMF, the World Bank, the International Finance Corporation, SECO and other organizations were expanded.

The expert groups under the ABA demonstrated active activity, over 60 meetings and roundtables were held during the year, about 30 letters of appeal, recommendatory documents were sent to the authorized structures, dozens of interviews were given to TV channels and other media, and expert opinions were made public.

ABA, having evaluated various realized projects (corporate projects of social responsibility, support of education and financial literacy), identified the most active banks.

So, in the nomination "Corporate social responsibility" were awarded to the JSC "AccessBank", OJSC "Amrahbank", OJSC "AzÉ™r Türk Bank", OJSC "Bank of Baku", OJSC "Expressbank", OJSC "Xalq Bank", OJSC "Kapital Bank" , OJSC "PAÅžA Bank", OJSC "TuranBank".

In the nomination "The most active support of financial literacy", the best were OJSC "AzÉ™r Türk Bank", OJSC "NBCBank", OJSC "TuranBank".

In the nomination "The most active support to education", the awards were awarded to Amrahbank OJSC, Bank of Baku OJSC, Bank VTB (AzÉ™rbaycan) OJSC and OJSC Kapital Bank

The awards were also presented to representatives of government agencies closely cooperating with the ABA in 2017.

In addition, the International Financial Corporation, the Swiss Cooperation Organization (SECO), Ernst & Young, Altair LLC, Antaris LLC and other international and local organizations were awarded in the "Gold Partner" category.

In the nomination "Copper Partner" media representatives who closely collaborated with the ABA in the past year were also awarded. Among the awardees was also the APA news agency.

Also in various nominations, ABA expert groups were awarded.