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Bankers join hands to build ASEAN Community

Members of the ASEAN Bankers Association (ABA) have agreed to join hands to overcome the world economic crisis to develop and contribute to building an active, competitive ASEAN Community of cooperation and development by 2015.
Members of the ASEAN Bankers Association (ABA) have agreed to join handsto overcome the world economic crisis to develop and contribute tobuilding an active, competitive ASEAN Community of cooperation anddevelopment by 2015.

At the 41 st ASEAN Banking Council Meetingheld in Vientiane on Nov. 17--18, 200 delegates from banks fromASEAN countries also agreed to speed up the harmonisation of standardsfor financial institutions to operate more effectively.

They willboost cooperation in developing human resource to assist regional banksin applying new technology to facilitate international payment in thecontext of increasing trans-regional cooperation.

Participants tothe meeting expressed their pleasure at the stability and high growthof ASEAN member economies despite the global economic crisis.

Theysaid that those achievements were attributable to sound macro policiesof governments and central banks of member countries, as well asexpanding cooperation and economic integration, to which the financialand banking sector has made great contributions ./.

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Malaysia's Petronas Twin Towers (Photo: AFP)

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