Correspondent Banking

BFA Bank offers financial institutions to open correspondent accounts in Russian rubles and in foreign currencies.
Due to the established direct correspondent relations with reliable Russian and foreign banks, we ensure the stability of interbank settlements.
An individual approach and up-to-date performance standards which we implement in our everyday work is one of the distinguishing features of our correspondent bank settlement services. Settlement services for financial institutions are provided using the most modern means of communication, such as SWIFT and Telex.

BFA Bank offers the following services related to maintaining correspondent accounts:

opening and maintaining the ruble and foreign currency accounts
conversion operations and a full package of services implemented for correspondent accounts in different currencies
operational consulting
market rates on settlement transactions