The FI and Correspondent Banking dept facilitates NIB’s different business segments involved in international trade and advises them on the competitive rates for their different options.
This advice is culled from the research undertaken by the FI and Correspondent Banking Department in order to ensure the profitability of the positions taken by NIB in the Nostro-Vostro accounts market. This research takes into consideration variable market trends and the major events occurring at the time.
The FI and Correspondent Banking dept also arranges for large ticket credit facilities for the bank. Depending on the financial requirements of the client, FI and Correspondent Banking will offer a variety of services ranging from structured financing to syndicate financing. The FI and Correspondent banking dept also acts as a consultant to the various departments within the bank and clients who are in the process of market study or setting up a business plan.