Correspondent Banks

A correspondent account is an account established by a banking institution to receive deposits from, make payments on behalf of, or handle other financial transactions for another financial institution. Correspondent accounts are established through bilateral agreements between the two banks.

Correspondent bank refers to a bank that is a depository for another bank and which performs various banking services for it. They are usually most useful for import-export transactions and generating foreign exchange.

The following are lists of our major correspondent banks:

Correspondent Banks
NoName of the Bank Country CitySwift Code/BIC
1Bank of AfricaDjibouti DjiboutiMRINDJJD
2Citibank NA. EnglandLondonCITIGB2L
3Citibank NA. USA New YorkCITIUS33
4Commerz Bank AG GermanyFrankfurtCOBADEFF
5DZ Bank AG Frankfurt GermanyFrankfurtGENODEFF
6Intesa Sanpaolo SPA ItalyMilanBCITITMM
7Uni credit SPA Italy MilanUNCRITMM
8Mashreq Bank UAE DubaiBOMLAEAD
10UBS AG Switzerland ZurichUBSWCHZH80A