International Division strives to place at the disposal of
our branch network, efficient correspondent banking arrangements
on global basis, thereby catering the needs of our client
diaspora. In short, this is made possible through a variety
of arrangements with various banks which, amongst other benefits,
ensures placement of suitable Credit lines at our disposal
by our counter-party banks to facilitate Foreign Trade and
Treasury related activities.
Today International Division boasts of multi-faceted correspondent
banking relationships with over 200 Banks in 77 countries
around the world thereby improving the capacity of our branches
in serving their clients.
Alongside, International Division is entrusted to arrange
evaluation/approval of exposure limits favoring various local/overseas
banks and Non-banking Financial Institutions with whom our
Treasury and branches deal on day-to-day basis. Within the
context comes the Country exposure, which is managed and monitored
at this division, whereas our liaison with State Bank of Pakistan,
in respect of Foreign Trade related issues, helps us to provide
timely directions and efficient advisory to our branch network.
Optimum monitoring of business reciprocity with banks compliments
our efforts to manage the business flows and ensure greater
profitability and balanced distribution of business amongst
our correspondents.
In addition and as a part of the ongoing exercise of Know
Your Customer (KYC) compliance with regard to our correspondents,
International Division carries out regular Due Diligence exercises
to ensure that our bank deals only with financial institutions
that are able to meet the prescribed standards and criteria.
Standard settlement instructions for commercial payments
through our major correspondents are appended below:
Standard Settlement Instructions
for commercial payments
