BAKU, Azerbaijan, September 23. Kyrgyzstan is
interested in expanding interbank cooperation with Austria,
including establishing direct links between banks of the two
countries, Kyrgyz President Sadyr Japarov said in New York on
September 22.
According to the press service of the President of Kyrgyzstan,
Japarov made the remarks during a meeting with Federal President of
Austria lexander Van der Bellen on the sidelines of the 81st
session of the UN General Assembly.
Sadyr Japarov noted that establishing direct links between
Kyrgyz and Austrian banks would create additional opportunities to
expand trade and investment cooperation.
In this regard, the Kyrgyz president proposed considering the
possibility of opening correspondent accounts between banks of the
two countries, as well as establishing a branch of one of the
Austrian banks in Kyrgyzstan.
Alexander Van der Bellen expressed the Austrian side’s readiness
to consider these proposals and said that he would submit them to
the Austrian Ministry of Finance for review.
The development of direct banking cooperation could contribute
to strengthening financial ties between Kyrgyzstan and Austria,
while creating additional mechanisms for international settlements
and supporting bilateral trade and investment.
Meanwhile, Kyrgyzstan and Austria have been developing bilateral
economic ties, with financial cooperation identified as one of the
areas with potential for further expansion. Direct correspondent
banking links could provide additional channels for cross-border
payments and facilitate financial operations between businesses and
institutions in the two countries.
