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 our clients. We conduct various inter - banking activities such as funded and unfunded risk participation and syndicated loans for banks. Furthermore, the department assists in diversifying the bank's risk exposure, and satisfying our clients' external business needs.

Financial Institutions Department has a dedicated team of professionals who are responsible for providing necessary support and customized solutions to our clients and correspondents. Meanwhile, the department continues to strengthen the network of correspondents to better serve our clients' inter-bank business requirements locally and globally.

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
    SWEDISH KRONE
    SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM

    SWEDEN

    SEK
    SAUDI RIYAL
    AlAWWAL BANK , RIYADH

    SAUDI ARABIA

    SAR
    NORWEGIAN KRONE
    DNB BANK ASA, OSLO

    NORWAY

    NOK
    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
    COMMERZ BANK, FRANKFURT
    SOCIETE GENERALE, PARIS
    BANCA UBAE -ROME

    GERMANY
    FRANCE
    ITALY

    EUR
    EUR
    EUR
    DANISH KRONE
    DANSKE BANK AG, COPENHAGEN

    DENMARK

    DKK
    SWISS FRANCS
    COMMERZ BANK , FRANKFURT
    SOCIETE GENERALE, PARIS

    GERMANY
    FRANCE

    CHF
    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
    CHINESE YUAN RENMINBI
    INDUSTRIAL & COMMERCIAL BANK OF CHINA

    SINGAPORE

    CNY
    EGYPTIAN POUNDS
    CENTRAL BANK OF EGYPT-CAIRO

    EGYPT

    EGP