Correspondent Banking Department

We play a vital role in establishing and maintaining exceptional correspondent banking relationships with banks and other financial institutions both locally and globally. Our Department caters to the many needs of any given bank and also sets up reciprocal business methodology with them.

We also:

Ensure timely replenishment of funds.

Provide proper drawing arrangements (DD, TT, SWIFT payments).

Initiate L/C opening, BC and Guarantees’ issuance.

Evaluate, monitor and check credit-worthiness and risk factors.

Open accounts for local corporations and multinationals.

Initiate signing of commodity murabaha agreements and leasing transactions.