10th All-Russian Bank Forum opens in Nizhny Novgorod

NIZHNY NOVGOROD, August 27 (Itar-Tass) - The 10th All-Russian Bank
Forum opens in Nizhny Novgorod on Thursday, Itar-Tass learnt at the forum
organising committee.
According to the organising committee, the topic of the forum -
"Monetary and credit policy and Russian banks in crisis and post-crisis
period" - was formulated in line with the present-day economic conditions
and presupposes a search for solutions of acute problems.
Forum participants - representatives of the regional financial
community - will assess the situation in banking, scrutinize problems of
risky credits and operation of banks in regions under crisis conditions.
It is also planned to formulate a mid-term strategy and tactics for
the development of the banking system in the country for the next three
years. Forum participants intend to appraise the interest rate policy of
the Bank of Russia and its results, to find possible ways for changing the
volume of overdue debts on credits, to examine experience of work with
collector organisations and to assess a degree of need for and forms of
recapitalisation of banks.
Participants in the Bank Forum will scrutinise around 20 most
important aspects of Russian banks' operation as well as their interaction
with authorities and clientele. Hammered-out recommendations on
restructuring banking will be included in the forum's resolution.
According to the organising committee, the 10th All-Russian Bank Forum
will be attended by over 80 representatives of banking, financial and
governmental structures from Moscow, St. Petersburg, the Altai Territory,
the Orenburg, Chelyabinsk, Kaluga, Saratov and Kursk regions, the cities
of Irkutsk, Kostroma, Tyumen and Murmansk, as well as the Mordovia and
Kabardino-Balkar republics.
Besides, the forum is also attended by bankers and financiers from
Italy, Moldova, Azerbaijan and the Netherlands as well as by
representatives from international companies.