Bank in a Deal for USD Correspondent Banking Services

Posted On: Tuesday, November 12 2024

Prime Bank announced a new collaboration with Standard Chartered Bank Group to support and strengthen its correspondent banking services. Through the partnership, Prime Bank will now be able to offer its clients USD correspondent banking services, making it easier for them to send and receive remittances to and from key markets, including Germany, India, the United Arab Emirates, the United Kingdom, and the Far East.

The partnership, officially signed on November 12th by our Bank Chief Executive Officer, Mr.  Rajeev Pant, and Standard Chartered Kenya’s Chief Executive Officer, Mr.  Kariuki Ngari, emphasizes the Bank’s ongoing commitment to enhancing its Cash Clearing, Trade Finance, and Financial Markets solutions.

It also marked an important step toward further deepening the Bank’s collaboration with other financial institutions, creating new opportunities for mutual growth and benefit.