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