New ABA Work Program approved for next 2 years

Maldives – The recently concluded 35th ABA General Meeting and Conference held in Kurumba, Maldives on November 16 saw the election of 23 members of the ABA Board of Directors for the term 2018-2020.

The new ABA Board of Directors is composed of important medium and large commercial banks from 13 different countries who for the next 2 years period will aim to further strengthen banking structures and enhance opportunities in the Asian banking and financial markets.

The newly elected Board members include the following member banks:

1. Bank of Bhutan
2. The Bank of East Asia, Ltd. (Hong Kong)
3. State Bank of India
4. EN Bank (Iran)
5. Bank Pasargad (Iran)
6. MUFG Bank, Ltd. (Japan)
7. Mizuho Bank, Ltd. (Japan)
8. Sumitomo Mitsui Banking Corp. (Japan)
9. Malayan Banking Berhad (Maybank) (Malaysia)
10. Bank of Maldives
11. Capital Bank of Mongolia
12. Philippine National Bank
13. Rizal Commercial Banking Corporation (Philippines)
14. DBS Bank (Singapore)
15. Hatton National Bank (Sri Lanka)
16. Bank of Taiwan
17. CTBC Financial Holding Co., Ltd. (Taiwan)
18. The First Commercial Bank (Taiwan)
19. Mega International Commercial Bank (Taiwan)
20. Bangkok Bank Public Company Limited (Thailand)
21. Join-stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
22. Vietnam Bank for Agriculture & Rural Development
23. Erste Group Bank AG, Hong Kong Branch (Austria)

ABA Work Program for 2018-2020

One of the main agenda items that the new Board took up during the 56th Board of Directors Meeting held on November 16, 2018 was the approval of the ABA Work Program for 2018-2020. Among others, the Work Program  seeks to: (1) strengthen the role of ABA in policy advocacy, (2) continue issuing informative publications, (3) intensify capacity-building, (4) increase membership in terms of both number and geographical scope, (5) further strengthen relationships with other Bankers Associations in and outside the Asia-Pacific region, (6) further strengthen collaboration with other regional and multilateral organizations such as the APEC Forum, ASEAN, PECC, the ADB, the World Bank and the BIS, and (7) further make the ABA Conferences effective platforms for uniting leading Asian bankers and exchanging information and ideas.