Vnesheconombank Chairman Vladimir Dmitriev was elected Chairman of the Shanghai Cooperation Organization Interbank Consortium Council for the year 2008-2009. Starting from the year 2008, the Consortium established a principle of rotation of Interbank Consortium presiding bank in accordance with a country’s presidency in the SCO. The Russian Federation has been declared the next country to hold presidency in the SCO.

A meeting of the Interbank Consortium Council was held in the city Khujand (the Republic of Tajikistan). In attendance were heads of  State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ (The Russian Federation), the Kazakhstan Development Bank, the China State Development Bank, The Settlement and Savings Company (the Kyrgyz Republic), the Tajikistan National Savings Bank “Amonatbank” and the Uzbekistan National Bank for Foreign Economic affairs.

The SCO Interbank Consortium was established on October 26, 2005. Its activity is designed to support regional economic cooperation. At the moment, it incorporates State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, the Kazakhstan Development Bank, the China State Development Bank, the Settlement and Savings Company (the Kyrgyz Republic), the Tajikistan National Savings Bank “Amonatbank” and the Uzbekistan National Bank for Foreign economic Affairs.

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru