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 Correspondent Banking

Financial Institutions Department:

The Financial Institutions Department acts as a focal point for managing and developing all aspects of AIB business relationships with Banks and Financial Institutions worldwide.

The Financial Institutions Department is engaged in facilitating interbank transactions including money market & foreign exchange, financing international trade transactions and facilitating cross border payments & transfers for AIB clients. We conduct various inter - banking activities such as funded and unfunded risk participation and syndicated / Bilateral loans for banks. Financial Institutions Department is responsible for setting the Credit Lines for banks and reviewing them annually. Furthermore, the department assists in diversifying the bank's risk exposure by increasing the number of banks AIB deals with across different regions around the world.

The department continues to strengthen the network of correspondents to better serve our clients' inter-bank business requirements locally and globally.

Financial Institutions Department has a dedicated team of professionals who are responsible for providing necessary support and customized solutions to our clients and correspondents.

List of Major Correspondent Banks:

    CORRESPONDENT COUNTRY CURRENCY
    US DOLLARS
    JP MORGAN CHASE BANK , NEW YORK
    STANDARD CHARTERED BANK , NEW YORK
    USA
    USA
    USD
    USD
    SAUDI RIYAL
    NATIONAL BANK OF KUWAIT.JEDDAH
    SAUDI ARABIA
    SAR
    KUWAITY DINAR
    NATIONAL BANK OF KUWAIT , KUWAIT
    KUWAIT
    KWD
    JAPANESE YEN
    SOCIETE GENERALE, PARIS
    FRANCE
    JPY
    STERLING POUNDS
    STANDARD CHARTERED BANK , LONDON
    U.K
    GBP
    EURO
    SOCIETE GENERALE, PARIS
    JP MORGAN CHASE BANK
    BANCA UBAE -ROME
    FRANCE
    FRANKFURT
    ITALY
    EUR
    EUR
    EUR
    SWISS FRANCS
    SOCIETE GENERALE, PARIS

    FRANCE
    CHF
    CANADIAN DOLLARS
    SOCIETE GENERALE, PARIS
    FRANCE
    CAD
    EMIRATES DERHAM
    ARAB BANK FOR INV. & FOREIGN TRADE ,ABU DHABI
    MASHREQ BANK PSC , DUBAI
    UAE
    UAE
    AED
    AED
    EGYPTIAN POUNDS
    CENTRAL BANK OF EGYPT-CAIRO
    EGYPT
    EGP