Interbank cooperation and correspondent relations
Asia-Invest Bank actively cooperates with credit and financial institutions. The Bank has spent years creating a network of correspondent banks in the market, which allows customers’ settlement structures to be optimized and implemented in the most effective way.
Asia-Invest Bank services the ruble and foreign-currency correspondent accounts of resident and non-resident banks.
When selecting financial partners, Asia-Invest Bank’s main principles are:
the correspondent banks’ stable financial position and guarantee that the funds will be safeguarded;
Currently, the Bank holds more than 100 nostro and loro accounts. The correspondent network includes more than 60 Russian and foreign correspondent banks.
The Bank has established direct correspondent relationships with high-caliber foreign banks such as JPMorgan Chase Bank, Commerzbank AG, and Сredit Suisse AG in order to settle accounts in major hard currencies. An account in Ukrainian hryvnia has been opened with the joint-stock Ukreximbank, Ukraine.
The Bank has nostro accounts in sum, the national currency of the Republic of Uzbekistan, in two major Uzbek banks, the National Bank for Foreign Economic Activity of the Republic of Uzbekistan and the ‘Asaka’ Bank, which allows the Bank to settle clients’ transactions in Uzbek currency with any Uzbek bank in the shortest possible time and with minimal expenses.
Asia-Invest Bank’s authority to settle accounts in Uzbek sum is not limited to just providing account services. The correspondent banks can always get professional advice on legal issues, as well as information about the current conditions and trends on the Uzbek financial markets. Today, almost every major credit institution in Uzbekistan has opened Russian-ruble or US-dollar loro accounts in Asia-Invest Bank
Main nostro correspondents
Uzbek banks holding accounts with Asia-Invest Bank (JSC)