KICB announces USD correspondent banking partnership with Citi
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CEO, KICB with Managing Director, Citibank
Kyrgyz Investment and Credit Bank (KICB) today announced that it has entered into a correspondent banking relationship with Citi, providing KICB direct access to US Dollar cash clearing services.
Speaking about this collaboration, Mr. Arif Ali, KICB’s Chief Executive Officer stated: “We are proud that Citi has chosen KICB as a correspondent banking partner in the Kyrgyz Republic. We are excited to provide our customers with improved access to SWIFT payments and receivables globally through Citi’s extensive network”.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi
About KICB
KICB was established in 2001 by international financial institutions including the Aga Khan Fund for Economic Development (AKFED), International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), Deutsche Investitions-und Entwicklungsgesellschaft (DEG) and the Kyrgyz Republic. AKFED is now the major shareholder, along with the Kyrgyz Republic. Additional information about KICB may be found at www.kicb.net