EURASIAN FINANCIAL & ECONOMIC HERALD May 2018
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Англ_Вестник_2_2018_обложка_Layout 1 11.05.2018 14:10 Page 1 Internationaler FINANCIAL & BANKING ASSOCIATION Russian Union OFFICIAL PUBLICATION OF FBA EAC, IBC Wirtschaftssenat of Industrialists IWS OF EURO-ASIAN COOPERATION and Entrepreneurs world economic council eurasian financial & economic № 2 (4) | 2018 THE FORMAT OF FORUM • Plenary sessions BREAKOUT SESSIONS • Breakout sessions I секция Agribusiness: from intentions III секция International transfer of high technolo- to cooperation gies — new opportunities for Eurasian II секция At the speed of light — the latest integration trends and changes in the environment IV секция IBC Meeting «Risk assessment and its of financial technologies and regulation management in cross-border banking transactions» Financial forum-2018: «Financial and Banking system of Russia: New challenges THE FIFTH and trends» Personality MOSCOW INTERNATIONAL HERALD 10 FINANCIAL AND ECONOMIC Rajnish Kumar: FORUM B. Pejaković The banking sector Eurasian Union reform in Montenegro «The possibility of financial union and the EU: 27 А. Boldi within EAEU enhances EURASIAN FNANCIAL & ECONOMIC FNANCIAL EURASIAN search for new formats Gold Italy of cooperation the positive outlook 30 of the region…» November 30, 2018 I. Lengyel THE ORGANIZING COMMITTEE Real-time settlements 17 Kotelnicheskaya nab., Моscow, 109240, offices 400–408. 2018 | raise banks +7 495 663-02-08/13/19 competitiveness 4 60 [email protected], [email protected], № 2 (4) [email protected], [email protected] Англ_Вестник_2_2018_обложка_Layout 1 11.05.2018 14:11 Page 2 Award «Financial and Banking Elite of Eurasia» November 30, 2018 Nominations 2018: 1 BANKER OF THE YEAR (for personal contribution to the development of banking business) 2 STANDARD OF STABILITY (bank leader on sustainable development, stability, holder of international and country ratings) 3 TRIUMPH OF TECHNOLOGY (bank leader in the implementation of modern IT technologies) Prize: Exclusive author's statuette The official award ceremony will be held on November 30, 2018 with the participation of representatives of business, political and cultural circles, national governments and banks, heads of trade unions and СOMPLEX associations, representatives of leading mass media of the countries of Eurasia BUSINESS SOLUTIONS Applications for participation are taken Services for the effective work of small and medium-sized businesses until November 1, 2018. and their integration into the exchange system Registration Form and Terms of participation Organization and preparation of documentation for stock trading in the competition: www.fbacs.com Consulting on business activities and management www.salus.ru Organizing committee: Legal support of transactions [email protected] tel.: +7 495 6630208, 6630213, Trust asset management email: [email protected] [email protected] Investment activities 2 CONTENT HERALDeurasian financial & economic PERSONALITY № 2 (4) | 2018 R. Kumar. The best in our relations is yet to come... 4 FOUNDER’S PAGE. FBA EAC 8 FOUNDERS: Financial & Banking Association of Euro-Asian RSPP NEWS Cooperation (FBA EAC) Financial forum-2018: «Financial and Banking system of Russia: 10 New challenges and trends» International Banking Council AWARD WINNER (International Coordinating Council of Banking Beibut Kapyshev. From traditional banking to the digitalization 17 Associations of the member states of the of financial services Commonwealth of Independent States, Central and Eastern Europe) BANK. BANK. BANK D. Molomjamts. International Investment Bank goes to a new stage 22 of its development PUBLISHER: Financial & Banking Association of Euro-Asian BANKING SYSTEM OF THE COUNTRIES OF EURASIA Cooperation (FBA EAC) B. Pejaković. The banking sector reform in Montenegro 27 Editor in Chief: V. Murin PRACTICE Executive editor: S. Kiyatkina А. Boldi. Gold Italy 30 Editorial Board: E. Berezovaya, O. Ryazanov L. Камаrа. Investments and state 36 Translators: S. Arkhipova, K. Tereshenko Page-proofs: «Granitsa Publishing House» Ltd. PARTNERS’ NEWS А. Heimonen. A week in Davos with Caspian view 38 Association of Belarusian Banks: Digit is priority PUBLISHER'S ADDRESS: 41 17 Kotelnicheskaya nab., Moscow, 109240, Russia PROJECT +7 495 663–02–08/13 Industrial warehouse «Amega» 42 [email protected] www.fbacs.com PHOTO CONTEST «The world through the eyes of a photographer» 44 PRINTING HOUSE: MATERIAL FOR THOUGHT Released in the «Granitsa Publishing House» Ltd. Format 210x297 mm. 68 pages. Т. Galander. Germany — Russia: business-gravitation remains 48 INVESTMENTS D. Bagla. India — a country of great opportunities ISSUE DATE: 52 May 2018 BUSINESS IN THE COUNTRIES Foreign direct investments in the states of India 55 PRICE: Free EXPERT OPINION I. Lengyel. Real-time settlements raise banks competitiveness 60 The editorial office is not responsible for the content of the advertisements. Advertised goods and CONTEMPORARY VIEW services are subject to mandatory certification. Reprint is allowed only with the written permission А. Bespalov. The window of economic opportunities 64 of the editorial office. Manuscripts are not reviewed FOUNDER’S PAGE. IBC and not sent back. Azerbaijan: Institute defending the interests of clients 66 EDITORIAL BOARD Alexander Murychev, Chairman of the Editorial Board, Chairman of Coordinating Council of FBA EAC, Executive Vice-President of the RSPP, Chairman of the IBC Anvar Abdraev, Hakob Andreasyan, Bakhytbek Bayseitov, Oleg Berezovoy, Andrea Boldi, Yves Pozzo di Borgo, President of the Union Chairman of the Union President of the Associa- General Director President of the company President of the of the Banks of Kyrgystan of the Banks of Armenia tion of Banks of the of FBA EAC AREZZO FIERE Parliamentary Friendship Republic of Kazakhstan E CONGRESSI SRL Group with Central Asia (Italy) In the Senate of France Zurab Gvasalia, Veroljub Dugalić, Anatoly Kazakov, Elena Korobkova, Manish Kumar, Aleksandr Kuschynski, President General Director Chairman of the Executive Director of the General Director Chairman of the Association of the Association Coordination Council of Independent Association of the Soltex Group Ltd., of the Association of Banks of Georgia of Serbian Banks the Financial and Banking of Banks of Ukraine Head of the Representative of Belarusian Banks Council of the CIS office of FBA EAC in India, Sri Lanka, Bangladesh, Malaysia Georgy Kuchkov, Istvan Lengyel, Amirsho Miraliev, Valery Murin, Zakir Nuriyev, Bratislav Pejaković, General Director Secretary General Chairman of the Board Editor in Chief of the President of Azerbaijan Secretary General of the Information of Banking Association of the Association magazine «Eurasian Banks Association of the Association of and Publishing Center for Central and Eastern of Banks of Tajikistan Financial and Economic Montenegrin Banks «Eurasia» Europe Herald» Krzysztof Рietraszkiewicz, Anatoly Tkachuk, Dumitru Ursu, Bakhtiyar Khamidov, Chairman of the Polish Vice-President Chairman General Director Bank Association of FBA EAC of the Moldovan of Uzbekistan banking Bankers’ League association EURASIAN FINANCIAL & ECONOMIC HERALD | #2(4)-2018 A word to the readers Dear colleagues and friends! nation Council of the Eurasian Center of Hu- «I’m engaged to India, I owe everything to her. I could man Resources, discuss- not express my feeling for India more clearly than identify es that topic in his article it with the feeling for my wife. She worries me like no other «The window of eco- woman in the world. Not because she is perfect. I dare say nomic opportunities». that she has more flaws that I see. But here there is a sense In February of this of indissolubility». These words of Mahatma Gandhi, as year, within the frame- well as possible, illustrate the attitude of our today’s authors work of the Russian to their country. The face of the cover is Chairman of the Business Week, a finan- Board of Directors of «State Bank of India», Rajnish Kumar, cial forum was held, whose interview is the central material of the issue. The in- which is annually organ- vestment opportunity of India is described by President ized by the Russian and Managing Director of Invest India, Deepak Bagla. Union of Industrialists A. Murychev, In this issue we continue to publish materials on the most and Entrepreneurs. Chairman of the Editorial Board of «Eurasian Financial interesting, debatable topics of the financial and banking in- The theme of the fo- and Economic Herald» dustry, the economy as a whole, fintech. The geography of rum was «Financial and Eurasia at that point is represented besides India by such coun- banking system of Russia: new challenges and risks». Distinc- tries as Mongolia, Azerbaijan, Russia, Belarus, Kazakhstan, tion of this forum from previous meetings of entrepreneurs Hungary, Kyrgyzstan, France, Bulgaria, Montenegro, and Italy. with representatives of regulatory authorities was a joint ses- Interesting material, in my opinion, is presented in the sion, which addressed the most important problems of the heading «Practice», which deals with the current state of af- national financial system. According to one of the represen- fairs in the system of international investment agreements — tatives of the banking community, the motto of the forum the basis for liberalization and the growth of the volume of could be the expression: «If everything is good, it means we international capital flows. Currently there are more than don’t have full information», which indicates the degree of 3000 bilateral investment agreements containing various frankness