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Correspondent relations

Kreditprombank has a developed correspondent bank network comprising Ukrainian banks, banks of the CIS countries, Baltic and West European countries and USA, that makes it possible to provide for as rapid payments in the basic world currencies as possible both in the domestic market of Ukraine and with foreign contractors.
Kreditprombank maintains correspondent relations with many first class and important banks in Europe and CIS countries without opening of correspondent accounts.
We endeavour to meet the needs of our clients and correspondent banks in settlement of accounts with contractors and partners from different countries and regions, and it is an important focus of the development of correspondent relations.
Successful co-operation with correspondent banks makes it possible for us to effect operations in international markets in connection with mobilisation of credit facilities for the purposes of financing of export and import operations.

  • Kreditprombank renders a broad spectrum of services to correspondent banks in the national currency of Ukraine and in foreign currencies including: administration of correspondent accounts, execution of commercial and interbank payments, confirmation and advising of documentary credits and bank guarantees and other interbank operations.
  • In order to effect payments, S.W.I.F.T. international telecommunications system has been employed since 1998. We offer an operation via such communication channels as telex, Sprintmail and Client-Bank Electronic Transfer System to the banks that do not operate within S.W.I.F.T. system.

WHY KREDITPROMBANK?

  • Correspondent network of Kreditprombank makes it possible to effect payments in basic world currencies within the shortest periods and at minimum cost.
  • In order to shorten the time of payments of correspondent banks and reduce expenses, Kreditprombank develops optimal routes of payments by using the up-to-date databases: The Bankers' Almanac, and Thomson's Global Banking Resource.

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