“To build-up trust and teamwork to distinctively cooperate with internal business units and our network of correspondents developing competitive solutions so that we may endeavor to solve our clients’ needs and ultimately create a significant value-add to our saib.”
The FI aims in the first place at forming a distinctive network of prime class FIs & banks globally, regionally and locally. The scope of our correspondent network is a major element driving the bank’s growth; contributing features include providing cross selling opportunities to our clients at a comparative advantage as well as providing a solid training base for our FI workforce on latest developments in the international banking.
Task is performed through effective communications with our network of correspondents, evaluation of apparent opportunity risks, the accurate monitoring of major developments in international markets, initiating strategic alliances that can be materialized in a remarkable gross in the growing market share of the bank in field of import & export finance and treasury.
The FI has a structured framework to step forward challenges in local & global economy as well as setting up vital role through a well-established reliable and distinguishing network of correspondents through promoting our bank and magnitude assigned credit lines in favour of saib.
On the verge of FI role, efforts emphasizing on signing a number of agreements with multiple prime financial institutions and multilateral ones. Such agreements can promote saib business to a higher growth and increasing market share accordingly.
saib Bank has a specialized team in its correspondent banking division to providing high quality services to facilitate international trade financing and other international banking transactions by providing enhanced banking services and solutions to satisfy our clients’ needs.
Société Arabe Internationale de Banque saib has received the prestigious annual STP Award for the year 2019, presented by Commerzbank, for outstanding performance in delivery of commercial and financial payments in euro currency.
The award recognizes saib’s outstanding performance in payment architecture and reflects the bank’s consistently high SWIFT standards, which facilitate automated processing throughout the payment chain.
This is the 8th time saib bank to receive this distinguishing award.