MBANK KYRGYZSTAN Expands Global Financial Network with UAE Dirham Accounts

MBANK KYRGYZSTAN, under the ownership of businessman Omurbek Babanov, has taken a significant leap in international banking by establishing direct correspondent accounts in United Arab Emirates dirhams with Abu Dhabi Islamic Bank and Mashreq Bank. This development follows a thorough verification process, underscoring the bank's reliability and standing in the global financial community. Bektur Aliyev, Chairman of the Board of MBANK KYRGYZSTAN, highlighted the benefits of this expansion, noting it will allow clients to broaden their payment options and enjoy improved currency conversion services.

The bank has detailed how both individual and corporate clients can take advantage of these new services. Individuals can perform SWIFT transfers via the MBANK mobile application by selecting the appropriate options in the 'Payments' and 'Transfers' sections, while corporate clients can use the Mbusiness application to open dirham accounts and conduct interbank currency transfers by filling in the necessary transaction details.

This strategic move by MBANK KYRGYZSTAN reflects its dedication to broadening its global financial network and offering more sophisticated, client-focused banking solutions. By partnering with leading UAE financial institutions, the bank not only enhances its service offerings but also positions itself as a key player in facilitating international trade and finance, potentially impacting the broader financial industry by setting a precedent for similar collaborations.