Correspondent Banking Unit
The Correspondent Banking Unit renders specialized services in association with Financial Institutions worldwide and monitors the various exposures besides offering the entire range of international trade finance solutions.
The Correspondent Banking Unit continuously develops and maintains relationship with banks and financial institutions in Qatar, GCC and across the globe. These networks of correspondent banks (more than 300 leading banks) form the foundation for all international operations of Doha Bank.
The overseas branches of Doha Bank also offer Correspondent Banking services to the Qatari and GCC Banks as well as banks from other countries.
Our branches are capable and well equipped to provide the services that an international correspondent bank can offer.
This unit attends exclusively to create, nurture, cultivate and continue relationship with banks worldwide.
The main services provided include:
- Opening of Qatari Riyal (QAR) Nostro Account for settlement of transactions.
- Creating, nurturing, cultivating and maintaining the bank’s network of over 800 correspondent relationships.
- Complaint Resolution as needed by correspondent banks.
- Establishing Standard Settlement Instructions.
- Trade Finance products and services to Financial Institutions
Doha Bank offers an excellent service with competitive charges to other banks for providing Correspondent Banking Services.
The unit handles establishment of correspondents, opening of Nostro and Vostro accounts and arranging for AML requirements and co-ordinates with the Trade Finance department for the compliance of all operational aspects of correspondent banking, including all matters pertaining to the exchange of SWIFT Keys / Relationship Management Agreement and SWIFT Authenticator Keys (SAK).
Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.