On April 19, 2023, an event called “Business Trends & Solutions and Compliance Update” has been held in Baku under the joint organization of Azerbaijan Banks Association (ABA) and “Raiffeisen Bank International AG” (RBI, Austria, Vienna).
At the event attended by more than 80 representatives from the Bank of Azerbaijan community.
The event were discussed specific topics such as the organization of trade financing, the future of the payment system, and dual currency deposits.
At the same time, analysed real compliance case studies, and discussed together with capital market experts potencial investment grade rating for Azerbaijan.
At the end of the event, the winners were presented with the “STP Quality Award 2022”, which is considered the main indicator of the quality of international payments.
It should be noted that the Azerbaijan Banks Association (ABA) was founded in 1990 by commercial banks. The main purpose of ABA is to protect the interests of member-organizations, to provide assistance in meeting their needs for various types of business services, and to coordinate their activities. Currently, 25 banks and 5 non-bank credit institutions are members of ABA.
And RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 12 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or Mergers&Acquisitions. Around 44,000 employees service more than 17 million customers through approx. 1,700 business outlets, the by far largest part thereof in CEE. RBI’s shares are listed on the Vienna Stock Exchange.
