Dealing with correspondent banks constitutes an important line of business for UniCredit Bank. It targets clients from among medium and small Russian banks, key banks in the CIS and the Baltic States, and leading banks in the countries where UniCredit Bank clients and shareholder banks have business interests.
UniCredit Bank has one of the biggest correspondent networks in Russia comprising some 1400 banks from more than 100 countries, and including virtually all pivotal banks in the CIS and the Baltic States, as well as many medium and major Russian banks. This network of correspondent banks enables UniCredit Bank to make domestic and international payments in a quick and efficient way. A broad system of loro accounts makes it possible to make payments from any account to an account with UniCredit Bank promptly (same day) and without extra costs, while the network of nostro accounts allows payments in all the major currencies of the world.
Far-sighted banking policy, board management, political neutrality, and control and assistance from the shareholders — the foremost international banking institutions — make doing business with UniCredit Bank an attractive proposition to Russian and foreign banks alike, whatever their size and scope of operations.