Citizens Bank Guyana has taken the important step of becoming a SWIFT member to establish its own international wire transfer operation.This step will be taken with the advice and guidance of IBIS Management Associates Inc. the leader in advising banks in more than 20 countries on international SWIFT operations.
“As a growing bank that wishes to serve the corporate and retail banking client in the most efficient and effective way possible, we have decided to further expand our international transfers department using the SWISSRoute service,” says Eton Chester, managing director of Citizens Bank Guyana.
Citizens Guyana will use the state of the art SWISSRoute service provided by IBIS Management to enable the bank to send and receive wire transfers quickly and efficiently by connecting the bank directly to a datacenter in Zurich, Switzerland which will relay the messages to the International SWIFT network. SWISSRoute is the preferred solution used by more than a dozen banks in the Caribbean and a160 banks in Europe to safely and quickly send international wires.
“We are delighted to see banks in Guyana take this proactive approach to client service and international banking best practice,” says Clark Russel, CEO of IBIS Management Associates Inc, the providers of the SWISSRoute service.
SWIFT is the highly secure bank to bank international network used by financial institutions worldwide to send and receive wire transfers.
Citizens Bank’s mission is “To attain Distinguished Leadership through a team of Professionals delivering Innovative, Superior Service to our Customers.” It is staffed by (79) employees and has (8) ATMs, located at convenient points around the capital, Georgetown and at each of its (4) branches located at Camp Street and Thirst Park, Georgetown, Parika, East Bank of Essequibo and Bartica, Essequibo River. The Bank had total audited assets of US$ 91.6 million as at September 30, 2007 accounting for a 12.0% market share of the banking sector.
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