МTB BANK has established correspondent relations with The Bank of New York Mellon Corporation

Taking care of the quality of service, convenience and comfort for its customers, MTB BANK continues to expand its network of partner banks. Thus, in May 2022, a direct correspondent relationship was established with BNY MELLON, one of the oldest banking corporations in the United States, headquartered in New York. The partnership with BNY MELLON, one of the world’s most important bank within the entire banking system, G-SIBs (global systematically important banks) is undoubtedly a clear sign of MTB BANK’s strong business reputation, it serves as yet another confirmation of the high level of trust from leading foreign financial institutions, stability and proper support of the bank’s international image.

Rostyslav Ivanov, Deputy Chairman of the Management Board of MTB BANK, commented on this event:

“Opening of a direct correspondent account in US dollars at BNY MELLON in today’s conditions was a complicated task. Our path to this goal was not easy, but as they say: as you sow so shall you reap! The bank’s team has done a great job to make this partnership happen, and we have been able to provide our customers with the most convenient opportunities for their payments in US dollars. I am confident that all of the benefits will be felt immediately”. Currently, the network of correspondent banks of MTB BANK includes 24 banks in different countries of the world, including Ukrainian banks (9). At the same time, special attention is paid to bilateral partnerships, given the prospects attributable to the respective regions of the country and the world in terms of expanding the geography of foreign economic and cross-border payments of MTB BANK clients.

In addition to BNY MELLON, the main correspondent banks of MTB BANK are the following financial institutions:

• Raiffeizen Bank International, Austria
• Industrial Bank Co., China

The list of correspondent banks can be found on the MTB BANK website: http://surl.li/ccrfx.

For reference: PJSC “MTB BANK” has been operating in the financial market of Ukraine for 28 years and provides a full range of banking services to retail and corporate clients of Ukraine.

The reliability of MTB BANK is confirmed by its membership and participation in interbank associations, international associations and organizations such as Individual Deposit Guarantee Fund, Master Card Worldwide, Visa International Inc., Union Pay International, Western Union, SWIFT, Thomson Reuters, National Depository of Ukraine, Independent Association of Banks of Ukraine (IABU). PJSC “MTB BANK” is a full participant of the Ukrainian National Committee of the International Chamber of Commerce (ICC) and Authorized bank, through which pensions, cash benefits and salaries are paid to the employees of state-funded organizations; in addition, it has the status of Guarantor of the Customs Service of Ukraine in connection with provision of financial guarantees for the purpose of ensuring that customs duties are paid.