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GENERAL INFORMATION
400
CORRESPONDENT
BANKS
ALL AROUND
THE WORLD
FINANCIAL INSTITUTIONS
Continually expanding its network
of correspondent banks and
financial institutions to be the best
solutions partner of its customers
internationally, A&T Bank continued
to be an effective service provider
of foreign trade and international
finance transactions in 2015. The
Bank delivers world-class products
and services to clients in line with
its goal of facilitating foreign trade
transactions between Turkey and
the regions where A&T Bank’s
well-respected partners and
their affiliates operate. In pursuit
of this objective, A&T Bank’s
correspondent network totaled
nearly 400 banks as of year-end
2015. The Bank is carrying out
efforts apace to expand this
network based on customer
requests and economic conditions.
Throughout the year of 2015,
various country and correspondent
bank visits were made to present
A&T Bank in international
markets, to convey information on
developments and to strengthen
relations. In line with its clients’
necessities and demands as well
as developments in the global
markets, new relations were set
with correspondent banks and
international institutions. To that
end, the Bank continued to operate
in existing markets and started up
operations in new markets.
To this end, foreign trade
transactions continued with a more
diversified portfolio and made
major contributions to the Bank’s
bottom line. In addition to its active
presence in the North African
market for 38 years, A&T Bank
bolstered its correspondent banking
relationships with Sub-Saharan
Africa and Middle East countries,
increasing its niche market share.
Relations between parent company
Libyan Foreign Bank’s banking
subsidiaries operating in Africa and
the Middle East were enhanced
and the synergy from this effort
started to yield positive results.
Total foreign trade volume
facilitated by A&T Bank amounted
to USD 1.5 billion in 2015.
In 2016, A&T Bank targets to
broaden its existing correspondent
network and thus offer services
that are more qualified to its
customers’ changing needs and
expectations as well as considering
the requirements of the global
market. Aiming at providing new
alternatives to its clients through
innovative and customer oriented
solutions, A&T Bank will continue
focusing on cooperation with
correspondent banks and financial
institutions, creating alternative
markets in the Middle East and Sub-
Saharan countries, and expanding
its correspondent network.
A&T Bank continued to diversify its foreign trade
operations thereby tend towards to alternative
markets in 2015.