OREANDA-NEWS. August 04, 2008. Under existing favorable conditions of Central Asian countries stable economic growth and increasing interest on the part of the key European and Asian financial market players towards the above countries, the issues of investment climate improvement and, in particular, local stock markets development, gain special currency, reported the press-centre of AsiaUniversalBank.

Changing relationships require new approaches: the V Bishkek International Banking Conference was devoted to consideration and elaboration of them.

On July 23-26, 2008, the V Bishkek International Banking Conference, the jubilee one, named "Central Asian Dialogue", took place in Bishkek city and at Issyk-Kul shore. Broadening the traditional framework, the Conference turned into an economic event of the regional scale that touched upon the whole range of topics, including regional capital markets development, peculiarities of the most impressive investment projects and regional bank associations’ activities.

Some round-table discussions devoted to the most burning aspects of risk management as well as to Compliance departments, their development, their role in modern banks structure, and methods of their effectiveness’ evaluation, were held within the framework of the Conference.

Kyrgyzstan’s Banking Union and Moscow International Currency Association organized the Conference. AsiaUniversalBank as usual acted as the general sponsor of the event. This year The Asian Banker, the leading financial journal in the Asian and Pacific region joined the board of organizers, and Euromoney, an international publishing house, played a role of the general informational sponsor for the third time.

The Conference was held in the form of dialogue between the representatives of Central Asian region and the western experts. The best representatives of Kyrgyzstan’s, Kazakhstan’s and Tajikistan’s financial markets met face to face with the leading experts from the USA, Russia and Eastern European countries to discuss both the knottiest issues of international integration and resolutions of the main market problems.

The considerable broadening of the frame was provoked by both the development of the Conference in whole and macroeconomic situation in the region that is getting more complex. Energy carrier breakthrough and global liquidity crisis caused significant changes in each country of the region; a lot of new questions to be discussed arose.

The broadened Conference program attracted even more participants than the previous one. It became a symbolic event not only for the bankers of the world but for other financial market players, investors, and investment and management companies and for stock market and corporate management experts. One of the main issues raised at the Conference was a specific of investment projects in Central Asia and methods of maximal profit earning with a glance of social peculiarities of the region.

The question of no small importance, discussed in the framework of the Conference, became Central Asian stock markets development, elaboration of universal mechanisms of capital formation and of its competent use.

“Everything in the world should develop, and there is only one way to move – ahead, otherwise regress occurs, said Mikhail Nadel, the Chair of the Board of Directors of AsiaUniversalBank.- This giant step forward that the Conference made towards diversifying of topics and broadening of the frame clearly reflects the current state of the Kyrgyz Republic in general. From year to year the internal market develops more and more dynamically, the Republic gets more competent experts in the sphere of finance and the state legislation improves”.

About Bishkek International Banking Conference.
Set up in 2004 at AsiaUniversalBank’s initiative, Bishkek International Banking Conference became an international event that annually takes place in the capital of the Kyrgyz Republic. Traditionally the Conference is intended for discussion of issues of Central Asian financial markets development. The Conference got one the most popular events not only in Central Asia but far beyond, and the number of its participants as well as areas covered, which grows year after year, is the obvious evidence of the fact.