Members of the Association signed the Initiative for Cooperation of the China-CEEC Interbank Association in the Field of SME Development Promotion
Cavtat, 11 April 2019 – HBOR hosted the meeting of the China-CEEC Interbank Association, during which the members of the Association signed the Initiative aimed at strengthening the cooperation in the field of SME development.
At the meeting, all members of the Association signed the “Initiative for Cooperation of the China-CEEC Interbank Association in the Field of SME Development Promotion”.
The Initiative highlights the readiness of the members to jointly strengthen financial cooperation and provide support for small and medium-sized enterprises in sectors such as infrastructure, shipping, agriculture, tourism, energy efficiency, environmental protection, information technology and biotechnology. Furthermore, the Initiative emphasizes the significance of, and the need for, exchanging information and experiences among the members on success stories in the field of SME finance as well as on the risks and the opportunities for risk mitigation in the financing of small and medium-sized enterprises.
The Initiative confirmed the significance of the concept of the green economy for attaining sustainable development, confronting climate change and improving the life quality of the citizens of the signatory countries. As a result, each member will consider priority measures in supporting small and medium-sized enterprises that facilitate the development of the green economy.
About the Association
The China-CEEC Inter-Bank Association was established at the end of 2017 at the initiative of the China Development Bank (CDB). Today, the Association has 14 members: financial institutions from Central and Eastern European countries. The purpose of the Association is to establish effective cooperation between the People’s Republic of China and the countries of the Central and Eastern Europe aiming to strengthen economic and financial interaction among the members and foster economic development, export and investment.
Besides HBOR and CDB, the members of the Association are development banks of Bosnia and Herzegovina, Bulgaria, Montenegro, the Czech Republic, Latvia, Lithuania, Hungary, Romania, North Macedonia, the Slovak Republic, Slovenia and Serbia.