{"id":34750,"date":"2025-01-15T11:54:08","date_gmt":"2025-01-15T05:54:08","guid":{"rendered":"https:\/\/www.amcham.kg\/amchamnews\/kicb-vstretilsja-s-chlenami-amcham-v-vidu-zakljuchenija-korrespondentskih-otnoshenij-s-citibank\/"},"modified":"2025-01-15T12:33:49","modified_gmt":"2025-01-15T06:33:49","slug":"kicb-vstretilsja-s-chlenami-amcham-v-vidu-zakljuchenija-korrespondentskih-otnoshenij-s-citibank","status":"publish","type":"amchamnews","link":"https:\/\/www.amcham.kg\/en\/amchamnews\/kicb-vstretilsja-s-chlenami-amcham-v-vidu-zakljuchenija-korrespondentskih-otnoshenij-s-citibank\/","title":{"rendered":"KICB met with AmCham members to discuss establishing correspondent banking relations with Citibank"},"content":{"rendered":"<section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>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.<\/p>\n<p><strong>Advantages of partnering with Citibank:<\/strong><\/p>\n<ul>\n<li>High payment speed: less than 1 minute for transactions in US dollars.<\/li>\n<li>Reliability: no intermediary banks in the payment chain.<\/li>\n<li>Cost-effectiveness: recipients receive the full amount without additional fees.<\/li>\n<li>Global reach: ability to make payments in over 180 countries.<\/li>\n<li>Multicurrency capabilities: receive payments in 35 currencies and send payments in 76 currencies from a single US dollar account.<\/li>\n<\/ul>\n<p>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.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-slider style_none fit_scaledown nav_none count_8\"><div class=\"w-slider-h\"><div class=\"royalSlider\"><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-11.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-28.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-46.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-54.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-59.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-75.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-77.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><div class=\"rsContent\"><a class=\"rsImg\" data-rsw=\"1024\" data-rsh=\"683\" href=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-78.jpg\"><span data-alt=\"\"><\/span><\/a><\/div><\/div><img decoding=\"async\" data-src=\"https:\/\/www.amcham.kg\/wp-content\/uploads\/kicb-and-city-bank-11.jpg\" width=\"1024\" height=\"683\" alt src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1024px; 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