The Summit of governors and leading bankers of the region

Countries in the region have similar problems

19. June - 20. June 2009

Montenegro, Bečići, Splendid Hotel

Organiser: EKONOMIST MEDIA GROUP

Presidents of the region in Novi Sad, and Governors of national banks in Becici – that’s how Montenegrin media presented the summit of governors and leading bankers of the region named “Measures against the global crisis in the financial sector”, organized by Ekonomist Media Group, which took place in Becici last weekend. Making a parallel of the two regional summits is not exaggerated. Central banks of Balkan countries, together with the largest banks operating in the region, have so far had special significance for economic and thus political stability, and the significance will be even greater in the upcoming period.

The current situation in Serbia, Montenegro, Bosnia & Herzegovina, Macedonia and Albania reminds of the known sentence from Tolstoy’s novel Ana Karenina: “All happy families look like each other, and each unhappy family is unhappy in its own way”. Or, according to Mr. Vladimir Cupic, President of Hypo-Alpe-Adria Bank Executive Board, “all countries in the region have surprisingly similar problems; the difference is only in the dynamics of events”.

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All participants of this exclusive meeting with governors and banking elite had chance to obtain answers to numerous dilemmas they face in their operations.

Some of the topics that are discussed are:

Influence of the global crisis on banking sectors in the region
Measures for mitigating effects of the crisis and revival of the banking sector
In what way can banks and the state jointly help real sector to overcome effects of the crisis?
How realistic are estimations that the crisis can return from real to financial sector?
Similarities and differences among banking sectors of countries in the region
Can measures taken by central banks of some countries reflect on other countries in the region?
Strengthening of regional cooperation among central banks of countries in the region
Operating results of banks in the region for 2008, and their plans for 2009
What do heads of commercial banks suggest to central monetary authorities of countries in the region?
Are there any bases for claims that foreign banks are too exposed toward countries in the region?
Significance of the central banks’ control function and risk management in commercial banks in the time of the global crisis

Contacts:

Jelena Sterđević Emina Azizi Ivica Šaranac

jelena.sterdjevic@emg.rs emina.azizi@emg.rs ivica.saranac@emg.rs

+381 11 3333022 +381 11 3333028 +381 113333001

Snežana Terzić Milena Denić Tanja Paunović

snezana.terzic@emg.rs milena.denic@emg.rs tanja.paunovic@emg.rs

+381 11 3333023 +381 11 3333010 +381 11 333332

Jennifer Grubač

jennifer.grubac@emg.rs

+381 11 333309

Program

Friday, June 19, 2009

19:00 - 21:00 Welcome cocktail

Saturday, June 20, 2009

09:30 - 10:00 Arrival and registration of participants
10:00 - 10:05 Keynote speech of moderator, Mr. Milan Ćulibrk, Editor-in-Chief of the Ekonomist magazine
10:05 - 10:20 Introductory speech of Governor of the Central Bank of Montenegro, Mr. Ljubiša Krgović
10:20 - 10:35 Introductory speech of Governor of the National Bank of Serbia, Mr. Radovan Jelašić
10:35 - 10:50   Introductory speech of Governor of the National Bank of Macedonia, Mr. Petar Gošev
10:50 - 11:05   Introductory speech of Governor of the National Bank of Albania, Mr. Ardian Fullani
11:05 - 11:20   Introductory speech of Vice Governor of the Central Bank of B&H, Ms. Feriha Imamović
11:20 - 11:35 Addressing of the general sponsor, President of Hypo Alpe Adria AD Belgrade Executive Board,
                          Mr. Vladimir Čupić
11:35 - 12:00   Coffee break and informal contacts
12:00 - 13:30   Presentations of others speakers and discussion:
                          • Influence of the global crisis on banking sectors in the region.
                          • Measures for mitigating effects of the crisis and revival of the banking sector.
                          • In what way can banks and the state jointly help real sector to overcome effects of the crisis?
                          • How realistic are estimations that the crisis might return from real to financial sector?
                          • Similarities and differences among banking systems of countries in the region.
                          • Can measures taken by central banks of some countries reflect on other countries in the
                             region?
                          • Supervision over insurance companies, role of the Central Bank – for and against.
                          • Strengthening of regional cooperation among central banks of countries in the region.
                          • Operating results of banks in the region for 2008 and their plans for 2009.
                          • What do heads of commercial banks suggest to central monetary authorities of countries in
                             the region?
                          • Are there any bases for claims that foreign banks are too exposed towards countries in the
                             region?
                          • Significance of the central banks’ control function and risk management in commercial banks
                             in the time of the global crisis.
13:30 - 13:50 Coffee break and informal contacts
13:50 - 14:50 Questions and discussion
14:50               Lunch