This dedicated team provides exclusive credit, deposit, collection, clearing and payment services to banks and financial institutions.
Nostro accounts
A bank account established in a foreign country for the purpose of holding that country’s currency.
Benefits
- For currency settlement, where a bank or other financial institution needs to hold balances in a currency other than its home accounting unit.
- Reduces risks from exchange rate volatility.
Vostro Accounts
Vostro accounts are local accounts holding local currency serving as nostro accounts for foreign entities.
Benefits
- Allows foreign companies to hold money in local currency
- Reduces risks from exchange rate volatility.
Banknote Trading
Wholesale and retail trading of banknotes and coins.
Benefits
- This reduces costs and risk
- Negotiated rates
