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Our Bank promotes
and introduces traditional and innovative products and services
in support of international trade and capital investment flows.
We efficiently
provide back-to-back letter of credit service, check clearings, payable-through
account service, funds transfers, short-term investments and foreign exchange
services. Our foreign exchange services include buying and selling foreign currencies,
issuance of foreign currency drafts, time deposits in foreign currencies, overnight
investments and time deposits.
Correspondent banking is one of our Bank's core businesses and is the principal means by which we capture and deploy a major portion of the Bank's earning assets. Despite increased competition from major international and money center banks in our Latin American markets, the Correspondent Banking Division has consistently been able to meet its earnings and growth objectives by responding quickly and creatively to its customers' needs and market opportunities, thereby enhancing our Bank's reputation for reliability.
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