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(CBU) is the forefront receiver and communicator with existing and potential correspondent banks. The unit acts as a focal point for all communications between correspondent banks and various end-users of services in the bank. It creates synergy between the correspondent banks and different user departments and/or branches in order to facilitate our client’s business transactions. It also offers Nostro services to local and international banks and financial institutions, as well as provids instant cash transfers worldwide, through various affiliations and correspondent relations, in many currencies/ locations. In addition, it is also active in trade finance area, e.g. L/C confirmation and issuance as well as Bank Guarantees.
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