BAKU, Azerbaijan, March 1
By Jeila Aliyeva - Trend:
Raiffeisen Bank International (RBI) keeps regularly monitor and assess the region and its business perspectives in general and Turkmenistan in particular, RBI told Trend.
Joint initiatives between RBI and Turkmen financial institutions are possible in the future if they are based on local compliance and risk management. Also, for the implementation of future joint initiatives, it is necessary for the participants of the Turkmen financial market to follow internationally recognized standards regarding Anti-Money Laundering and Counter Terrorist Financing.
As earlier RBI told Trend, Turkmenistan will remain in the center of RBI focus in terms of research and analysis.
“Turkmenistan is a market which RBI has been following for a while,” said RBI.
Generally, Turkmenistan remains a highly interesting destination for cooperation for the bank, added the representative.
RBI noted that COVID-19 pandemic requires them to decrease the pace of penetrating into new markets therefore they currently don’t have any new initiatives in Turkmenistan.
As reported, earlier negotiations on establishing business contacts between the Turkmen Rysgal Joint Stock Commercial Bank and Austrian Raiffeisen Bank International were held.
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