On September 23, 2024, the Kyrgyz Investment and Credit Bank (KICB) in collaboration with AmCham held a business breakfast for Chamber members. Participants discussed the advantages of establishing correspondent relations between KICB and Citibank, a leading partner for financial institutions in cross-border markets and a global leader in asset management.

Advantages of partnering with Citibank:

• High payment speed: less than 1 minute for transactions in US dollars.
• Reliability: no intermediary banks in the payment chain.
• Cost-effectiveness: recipients receive the full amount without additional fees.
• Global reach: ability to make payments in over 180 countries.
• Multicurrency capabilities: receive payments in 35 currencies and send payments in 76 currencies from a single US dollar account.

AmCham Members had the opportunity to ask questions and learn about banking services for corporate clients, including payroll project openings and the use of the KICB Business mobile app for making SWIFT payments.