SKB-Bank set up a correspondent dollar account in one of America’s largest banks:
Deutsche Bank Trust Company Americas. The bank is going to use this account for its dollar payments, the bank’s press officer reports.


‘Opening a correspondent bank account in the U.S. symbolizes the international recognition of SKB-Bank’s great financial transparency and its ability to meet the strict demands of the U.S. legislation,’ the press officer explains.


In addition, SKB-Bank has already set up correspondent accounts in Landesbank Baden-Wuerttemberg, Commerzbank AG, VTB Bank (Deutschland) AG, Raiffeisen Zentralbank Oesterreich, Bank of China, and ING Bank Belgium SA/NV.