Banking & Finance

Mr. Kanan MURTUZOV - Executive Manager in PERMIS in charge of the Working Group on Banking and Finance   Tel: +90 (212) 229 63 30-35(Ext: 117)

The key priorities for BSEC activity in the field of banking and finance are defined by Goal 10 “Closer Cooperation in the field of Banking and Finance” of the “BSEC Economic Agenda Towards an Enhanced BSEC Partnership”, adopted in 2012.


The main activities are carried out by the BSEC Working Group on Banking and Finance in order to promote regional cooperation in the field of banking and finance, which meets at its regular meetings twice per year. A fruitful cooperation is developed with the Black Sea Trade and Development Bank (BSTDB), a BSEC Related Body. The Working Group focused its activity in particular on establishing a sound mechanism for cooperation among the respective authorities of the Member States, as well as on specific initiatives and tools in the field of banking and finance.


The Working Group has on its agenda a number of proposals and projects of interest to the BSEC Member States, such as: consideration of the possibilities for cooperation on acceptance of credit ratings for financial performance in the BSEC Region, examining the possibility of establishing a mechanism for clearing in national currencies among the BSEC Member States, discussion on the possibility to establish a union/association of banks of the BSEC Member States etc.


For further information kindly contact the Executive Manager in charge.