The main functions of International Relationship and Correspondent Banking Department are as follows:
- Establishment the Correspondent Banks in order to promote international banking business.
- Opening, maintaining the foreign currency accounts in foreign countries and fund management of Nostro Accounts to do the international Banking services, payment, settlements and receiving funds.
- Issuing the daily exchange Rate based on the daily reference exchange rate of Central Bank of Myanmar for using FX trading of the A/C holders and for the purpose of Export / Import / Remittance,Financing and Bank guarantee services, cash depositing and withdrawing, issuing of Payment Order etc.
- Carrying out the short-term investment with foreign currency to increase the bank’s income.
Jul 18 2024