Cooperation with International Financial Institutions

The bank's development of international cooperation is driven by the need to diversify sources of business growth, strengthen the resource base and arrange financing for the bank's clients through credit lines of foreign financial institutions.

Entering international markets will strengthen the bank's reputation as an active participant in international cooperation, help protect clients' financial interests and promote the bank's brand abroad, and open up access to new skills and technologies.

The bank will continue the work it has begun to attract and utilise credit lines from International financial institutions and development banks. The Bank's main goal is to attract long-term resources to refinance small and private business entities. 

To date, the bank has attracted and successfully utilised a financing line from the Islamic Corporation for the Development of the Private Sector.

The bank's future plans include establishing partnerships with the EBRD and the Asian Development Bank to attract credit lines for microfinance purposes. 

The bank also intends to establish intensive cooperation with leading export credit agencies (ECA) in order to obtain insurance cover for long-term investments and loans of Western commercial banks.

The bank's membership in international organisations:

• VISA International payment system (associate membership)

• Western Union — fast money transfer system (agency)

• Society for Worldwide Interbank Financial  Telecommunication (S.W.I.F.T.)