The Hungarian Banking Association, as the only EU Member State, participated in the inaugural ceremony of the Council of Banks Associations of the Turkic States (Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan) in Istanbul on 4 November 2022.
The main objectives of the Council's activities cover the expansion of financial co-operation schemes and services, as well as the joint development of banking infrastructures.
Levente Kovács, Secretary General of the Hungarian Banking Association welcomed the participating delegations at the event venue. In his speech, he highlighted that our diverse relations, which are based on shared roots and historical experiences, will help further expand economic and financial relations. The timing of the Council’s establishment is appropriate, as it is the banking sector that is able to translate intense political relations based on common traditions into economic collaboration. He indicated that the Hungarian Banking Federation, as a member of the European Banking Federation, was able to play an intermediary role between the Turkic countries and the European Union.
Budapest, 10 November 2022