Agreement between the Republic of Kazakhstan, Kyrgyz Republic and Republic of Uzbekistan on organization of the Central Asian bank of cooperation and development

of July 8, 1994

The State Parties of this agreement which further are referred to as the party

based on provisions of the Contract on creation of the Common economic space between the Parties;

being guided by interests of preserving the trade, financial relations, development of coproductions;

recognizing need of the organization and implementation of multilateral interstate payments on the trading, uncommercial and other activities provided by intergovernmental agreements of the Parties

agreed as follows:

Article 1

1. Form joint interstate banktsentralnoaziatsky venture bank of cooperation and development (further - Bank). "Member founders of Bank are the Republic of Kazakhstan, Kyrgyz the Republics and the Republic of Uzbekistan".

2. The supreme body of Bank is general meeting (meeting of representatives) of shareholders which part about one authorized representative from the Parties, the Chairman of Executive committee of Interstate Council of the Republic of Kazakhstan, the Kyrgyz Republic and the Republic of Uzbekistan and the President of the Central Asian bank of cooperation and development is.

Questions of education and termination of activities of Bank, acceptance of the new member of Bank, increase in the Authorized capital and statement of the President of Bank are solved general shareholder meeting. All other questions connected with activities of Bank are solved Council of the bank.

3. The calculations which are carried out through Bank are performed in freely convertible currency, national currencies or by means of the special means of payment determined by Council of the bank.

Article 2

The Bank location - mountains. Almaty. The bank is legal entity. The bank can participate in the international financial and banking organizations and the unions.

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