Baku, Finance Time. On October 2-5, 2013 Kaliningrad, a Russian north-western outpost town in the Baltic hosted the next International Banking Conference (IBC-2013) “Regulatory innovations and state-of-the art technologies in the interbank financial market”.

“Muganbank” OJSC has been the primary sponsor of the international conference for successive three times.

The conference participants and guests included about 200 people – managers and officers from central (national) banks, professional associations, credit organizations, financial, brokerage and investments companies, experts, analysts and mass media. The participants were representing banks and non-banking organizations from such countries as Azerbaijan, Austria, Belarus, Great Britain, Hungary, Germany, Latvia, Russia, Ukraine, Switzerland and Estonia.

The conference wasorganized by The Moscow International Currency Association (MICA).

Muganbank delegation took an active part in the international conference.  Rashad Aliyev, the Director of Muganbank Marketing Department and Konstantin Rasulov, the Deputy Director of Muganbank Treasury Department made speeches.

The speech topics covered macroeconomic and regulatory issues (macroeconomic overviews, actual aspects of regulatory, monetary and exchange rate policies, improvement of regulatory framework of conducting financial transactions,   etc.) The topics of discussion in the conference also covered typically the issues relating to infrastructure development of the interbank financial market (FX&MM, forward contract trade, REPO transactions, SWAP, bond market, application of up-to-date electronic systems, cross-border transactions, money transfers, etc.).

“Muganbank” OJSC, one of the well-known participants of Azerbaijani financial-banking industry has been functioning since 1992. The bank’s 30 branches and 5 sub-branches in the country, as well as its representative office in Moscow effectively serve customers with all types of banking services. “Muganbank” OJSC actively cooperates with international financial institutions among them the US Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (“IFC”), World Business Capital, Inc. (WBC), Overseas Private Investment Corporation (OPIC) and Islamic Corporation for the Development of the Private Sector (ICD).