PASHA Bank, the leading corporate bank of Azerbaijan, this year again participated in the annual International Investment Banking Forum of Central and Eastern Europe in Vienna, hosted by Euromoney.
As in previous years, the Forum’s agenda was shaped around speeches of the Heads of Ministries of Finance and Economy, state regulators of Central and Eastern European countries, and representatives of the international banking and business community. This year, more than 1,100 delegates- bankers, investors, business consultants, private capital, real estate, insurance markets management specialists, and others took part in the Forum.
Representatives of international financial institutions such as the European Bank for Reconstruction and Development, the International Monetary Fund, the International Finance Corporation, BNP Paribas, Societe Generale, Citi, Raiffeisen Bank amongst others met to discuss the financial agenda for 2018 within the framework of the forum.
This year, particular focus of the Forum were discussions centering around the regional investment climate, the methods for creating conditions to best attract foreign investments to the private sector, and other key structural issues. Within the framework of selected thematic panels, the invited experts discussed and exchanged views on many pressing issues. A prevalent topic was the development of regional economies in light of active use of digital tools, the role of fintech and its impact on traditional banking, as well as possible major economic risks businesses could face in the foreseeable future.
Taleh Kazimov, Chief Executive Officer and Chairman of the Executive Board of PASHA Bank, noted in his panel speech "Banking Sector of Central and Eastern Europe" that banks are going to be the main drivers of technologies in the financial product markets within emerging economies.
“Due to the strict framework put in place by the regulators to ensure safe and sustainable development of regional banking sectors, start-ups and unregulated Fintech ventures cannot get more space in the market compared to what they already have. Recognizing this potential, PASHA Bank has created a new digital strategy for the next three years with an aspiration to upgrade its infrastructure and create a fresh mindset. This is to provide our clients with banking services in an innovative, agile and customer centric environment. We do recognize that it requires a change of mindset for both the clients and employees to ensure transition from traditional banking model to a digital one, but we have all the expertise and aspiration of a strong and modern bank to bring this digital innovation to the banking world”, - T. Kazimov concluded.
This is 23rd International Investment Banking Forum of Central and Eastern Europe. It is one of the largest business events held in Europe. The two-day business forum wraps up its work today, January 17.