International Banking - Correspondent Banking

BBK is the forefront receiver and communicator with existing and potential correspondent banks. BBK 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, in order to facilitate our client’s business transactions. It also offers Vostro services to international banks and Exchange houses, as well as provides instant cash transfers worldwide, through various affiliations and correspondent relations, in major 4 currencies/ locations.

Our products suit your banking requirements by virtue of being one of the best banking relationship networks both in terms of strength and spread among the GCC financial entities.

Our branches are capable of providing the services that an international correspondent Bank can offer. All the branches of the Bank are well equipped to handle the business of Correspondent Banking.

The overseas presence of the Bank is further supported by a large number of correspondent Banks which gives BBK access to every corner of the Globe.

The main services provided are :

  • Collection of bills both Documentary and Clean.
  • Advising / confirming of L/Cs opened by Indian Banks.
  • Discounting of Bills drawn under L/Cs as well as outside L/Cs.
  • Maintenance of foreign currency accounts (Nostro in US$, Euro, GBP , JPY respectively) for settlement of transactions.
  • Making foreign currency payments/ remittance on behalf of customers.
  • Arranging External Commercial Borrowing (ECB).
  • Arranging and participating in International Loan syndication backed by export credit agencies.
  • Foreign currency loans under the FCNR(B) scheme.

BBK offers the correspondent banking services at very competitive charges.

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