SEMINAR ON “CREDIT RISK MANAGEMENT” HELD AT THE DOME HOTEL, GIRNE – TURKISH REPUBLIC of NORTHERN CYPRUS, 7-9 APRIL 2007.

There were 26 participants from 9 countries.
The opening ceremony was attended by H.E. Enver Öztürk Minister of Economy and Tourism, Mr. Sinan Ba?datl? Governor of Development Bank of Turkish Republic of Northern Cyprus (TRNC), Mr. Ahmet Ataner Managing Director of TRNC, as well as Mr Nuri Birtek, ADFIMI Secretary General.

In his speech H.E.Enver Öztürk described the difficulties faced by development finance institutions in view of different embargos imposed on TRNC resulting in difficult investment climate. However, despite all the negative factors TRNC has achieved an economic growth of 36% in 2005, which was a world record. Per capita income was 11.000. USD in the same year. He urged the Development Bank of TRNC to support investors in this high risk environment. Mr. Sinan BaÄŸdatlı and Mr. Ahmet Ataner emphasized the importance they have placed to joint organisation of seminars with ADFIMI. ADFIMI Secretary General thanked the Minister for his precency, the Development Bank of TRNC for hosting the seminar and the participants for the interest they have shown in the seminar. He also commended the Agricultural Bank of Republic of Turkey for providing the resource persons.
The seminar was held in the historical town of Girne and a half-day tour was organized in the capital city of Girne.