INTERNATIONAL BUSINESS PART 1: TRADE AND EXPORT FINANCE SECTION 5: FOREIGN BANKS TABLE OF CONTENTS PAGE THE ADVANTAGE OF FOREIGN BANK NETWORKS ..............................
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FOREIGN BANKS: PAYMENT PROFILES .............................................
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EUROPE .....................................................................................
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ASIA .......................................................................................... 7-10 LATIN AMERICA .......................................................................... 11-12 MIDDLE EAST ............................................................................. 13-16 AFRICA ...................................................................................... 17-18
Section 5: Foreign Banks
THE ADVANTAGE OF FOREIGN BANK NETWORKS For the purpose of this tutorial, we are using examples from Danske Bank, a large international banking network with correspondent branches and connections throughout the world. You can take advantage of their experience in remote export markets when you do business in countries that involve greater political and commercial risks than those in northern Europe.
The Countries of Northern Europe Denmark Estonia Faeroe Islands Finland
Iceland Ireland Latvia Lithuania
Norway Sweden United Kingdom
On the following pages you will find: •
Payment profiles of banks that the Bank Group knows.
•
Their experience with payments to and from the country and the most frequently used forms of payment - open account, collection, documentary credit.
•
The Bank Group's risk cover for the country - for example, documentary credit confirmations and medium- or long-term financing.
Risk Cover If you would like information about prices and terms of risk cover for transactions with foreign banks or further information about the banks listed on the following pages, or if you wish to discuss specific transactions, you can contact the Trade Finance department of Danske Bank: •
Tel. +44 28 9004 8683 Email:
[email protected]
Section 5: Foreign Banks
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FOREIGN BANKS: PAYMENT PROFILES Payment Profiles are available for the following foreign markets: Europe Bosnia and Herzegovina Bulgaria Croatia Hungary
Macedonia Romania Russia Ukraine
Asia Pakistan Philippines South Korea Taiwan Thailand Vietnam
China India Indonesia Japan Kazakhstan Malaysia
Latin America Argentina Brazil Chile
Mexico Peru
Middle East Saudi Arabia Syria Turkey United Arab Emirates Yemen
Iran Israel Jordan Kuwait Lebanon
Africa Algeria Egypt
South Africa Tunisia
Aside from the banks listed on the following pages, Danske Bank Group has contact with many other banks in these countries - both local and foreign banks.
Section 5: Foreign Banks
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EUROPE: Payment Profiles Payment profiles: Bosnia and Herzegovina Large local banks Central Profit Banka Sarajevo
Universal Banka Sarajevo
Zagrebacka Banka Sarajevo
Volksbank Sarajevo
Ljubljanska Banka Sarajevo
Raiffeisen Bank Sarajevo
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Bulgaria Midsized and large local banks Bulbank Ltd.
United Bulgarian Bank
Bulgarian Post Bank
Bank Austria Creditanstalt
DSK Bank
Hebros Bank
First Investment Bank
HVB Bank Bulgaria
Raiffeinsenbank (Bulgaria)
Commercial Bank Biochim
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Croatia Midsized and large local banks Zagrebacka Banka
Privredna Banka
Croatian Bank for Reconstruction and Development Nova Banka
Hypo-Alpe Adria Bank
Raiffeisenbank Austria
Rijecka Banka
Section 5: Foreign Banks
Splitska Banka
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EUROPE: Payment Profiles
Continued
Payment profiles: Hungary Midsized and large local banks Central-European International Bank Raiffeisen Bank Commercial & Credit Bank
Budapest Bank
Hungarian Foreign Trade Bank
Postabank
National Savings & Commercial Bank (OTP Bank) Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Average Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Macedonia Midsized and large local banks Komercijalna Banka AD
Stopanska Banka AD
Alpha Bank AD Skopje Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Average Import: Extensive Export: Limited Import: Limited Export: Average Import: Limited
Payment profiles: Romania Midsized and large local banks Romanian Commercial Bank
Romanian Development Bank
Alpha Bank Romania
Banc Post
Banca Comerciala Ion Tiriac
HVB Bank Romania
Raiffeisen Bank Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Extensive Import: Extensive Export: Average Import: Limited Export: Limited Import: Limited
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EUROPE: Payment Profiles
Continued
Payment profiles: Russia Midsized and large local banks Savings Bank of the Russian Federation (Sberbank) Bank of Moscow
Bank for Foreign Trade (Vneshtorgbank) Industry & Construction Bank, Skt. Petersborg
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Average Import: Limited
Payment profiles: Ukraine Midsized and large local banks First Ukrainian International Bank, Donetsk Kredyt Bank (Ukraina), Lviv
State Esport Import Bank of Ukraine (Ukreximbank), Kiev Privatbank, Kiev
Raiffeisenbank Ukraine
HVB Bank Ukraine
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Extensive Export: Limited Import: Limited Export: Limited Import: Limited
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ASIA: PAYMENT PROFILES Payment profiles: China Midsized and large local banks Bank of China
Agricultural Bank of China
China Construction Bank
Bank of Communication
Industrial and Commercial Bank of China Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Average Export: Average Import: Extensive Export: Extensive Import: Extensive
Payment profiles: India Midsized and large local banks State Bank of India
Bank of Baroda
Bank of India
Punjab National Bank
Canara Bank
Central Bank of India
Indian Overseas Bank
Indian Bank
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Average Export: Extensive Import: Extensive Export: Extensive Import: Extensive
Payment profiles: Indonesia Midsized and large local banks Bank Mandiri (Persero)
Bank Rakyat Indonesia
Bank Central Asia Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Limited Import: Extensive Export: Limited Import: Average Export: Extensive Import: Extensive
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ASIA: PAYMENT PROFILES
Continued
Payment profiles: Japan Midsized and large local banks Bank of Tokyo-Mitsubishi Ltd
Resona Bank Ltd.
Mizuho Coporate Bank
Sumitomo Mitsui Bank
UFJ Bank Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Average Import: Average Export: Average Import: Average Export: Extensive Import: Average
Payment profiles: Kazakhstan Midsized and large local banks Kazkommertsbank
Halyk Savings Bank of Kazakhstan
Bank Turanalem Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Limited Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Malaysia Midsized and large local banks Malayan Banking Berhad
RHB Bank Berhad
Bumiputra-Commerce Bank Berhad Public Bank Berhad Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Extensive Export: Extensive Import: Average Export: Average Import: Average
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ASIA: PAYMENT PROFILES
Continued
Payment profiles: Pakistan Midsized and large local banks Habib Bank Ltd.
National Bank of Pakistan Ltd.
Allied Bank Ltd.
Muslim Commercial Bank Ltd.
United Bank Ltd
Askari Commercial Bank Ltd.
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Average Export: Average Import: Average Export: Extensive Import: Average
Payment profiles: Philippines Midsized and large local banks Philippine National Bank
Metropolitan Bank and Trust Co.
Bank of the Philippine Islands
Land Bank of the Philippines
Equitable PCI Bank
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Extensive Export: Average Import: Limited Export: Extensive Import: Limited
Payment profiles: South Korea Midsized and large local banks Korea Exchange Bank
Cho Hung Bank
Woori Bank
Shinhan Bank
Kookmin Bank
Korea Development Bank
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Extensive Export: Limited Import: Limited Export: Extensive Import: Average
9
ASIA: PAYMENT PROFILES
Continued
Payment profiles: Taiwan Midsized and large local banks Bank of Taiwan
Land Bank of Taiwan
Chang Hwa Commercial Bank
Taiwan Cooperative Bank
First Commercial Bank
Hua Nan Commercial Bank
International Commercial Bank of China Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Average Export: Limited Import: Average Export: Extensive Import: Extensive
Payment profiles: Thailand Midsized and large local banks Bangkok Bank PCL Krung Thai Bank PCL
KasikornBank PLC (former Thai Farmers Bank PCL) Siam Commercial Bank PCL
Thai Military Bank PCL Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Average Import: Extensive Export: Average Import: Average Export: Extensive Import: Average
Payment profiles: Vietnam Midsized and large local banks Bank for Foreign Trade of Vietnam (Vietcombank) Vietnam Bank for Agriculture (Agribank)
Industrial & Commercial Bank of Vietnam (Incombank) Bank for Investment and Development of Vietnam (Vietindebank)
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Limited Import: Average Export: Limited Import: Limited Export: Extensive Import: Average
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LATIN AMERICA: PAYMENT PROFILES Payment profiles: Argentina Midsized and large local banks Banco de la Nacion Argentina
BBVA Banco Frances
Banco Rio de la Plata
Banco de Galicia y Buenos Aires
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Brazil Midsized and large local banks Banco do Brasil
Citibank
Banco Bradesco
Unibanco
Banco Itau
Banco Sudameris
Banco HSBC Brasil
Bank Boston
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Average Import: Limited Export: Limited Import: Limited
Payment profiles: Chile Midsized and large local banks Banco de Chile
Banco Security
Banco Bice
Banco de Credito e Inversiones
Banco del Estado de Chile
Banco Santander Chile
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Extensive Export: Limited Import: Limited Export: Average Import: Limited
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LATIN AMERICA: PAYMENT PROFILES
Continued
Payment profiles: Mexico Midsized and large local banks Banco Nacional de Mexico (Banamex) BBVA Bancomer
Banca Serfin Banco Internacional (Bital)
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Limited Import: Limited
Payment profiles: Peru Midsized and large local banks Banco de Credito del Peru Banco Continental
Banco Internacional del Peru (Interbank) Banco Wiese Sudameris
Banco Santander-Peru Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Average Export: Average Import: Limited Export: Limited Import: Average
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MIDDLE EAST: PAYMENT PROFILES Payment profiles: Iran Midsized and large local banks Bank Mellat
Bank Melli
Bank Saderat
Bank Tejarat
Danske Bank's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Limited Export: Average Import: Limited Export: Extensive Import: Limited
Payment profiles: Israel Midsized and large local banks Bank Hapoalim
Bank Leumi Israel
Israel Discount Bank
Union Bank of Israel
United Mizrahi Bank
First International Bank of Isr
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Average Import: Limited Export: Limited Import: Limited
Payment profiles: Jordan Midsized and large local banks Arab Bank PLC
Jordan National Bank
The Housing Bank for Investment and Trade Cairo Amman Bank
Jordan Islamic Bank for Finance and Investment Bank of Jordan PLC
Jordan Kuwait Bank Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Limited Import: Extensive Export: Limited Import: Limited Export: Average Import: Limited
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MIDDLE EAST: PAYMENT PROFILES
Continued
Payment profiles: Kuwait Midsized and large local banks National Bank of Kuwait
Kuwait Finance House
Commercial Bank of Kuwait
Gulf Bank
Burgan Bank
Alahli Bank of Kuwait
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Average Import: Average Export: Average Import: Limited Export: Average Import: Limited
Payment profiles: Lebanon Midsized and large local banks Blom Bank
Banque Audi
Fransabank
Société Générale de Banque au Liban Byblos Bank
Banque de la Méditerranée Banque Libano-Francaise
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Extensive Import: Extensive Export: Limited Import: Limited Export: Average Import: Limited
Payment profiles: Saudi Arabia Midsized and large local banks National Commercial Bank
Banque Saudi Fransi
Riyadh Bank
Saudi British Bank
SAMBA
Arab National Bank
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Extensive Import: Extensive Export: Average Import: Limited Export: Average Import: Limited
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MIDDLE EAST: PAYMENT PROFILES
Continued
Payment profiles: Syria Midsized and large local banks Arab Bank – Syria S.A.
Banque Bemo Saudi Fransi
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Limited Export: Average Import: Limited Export: Average Import: Limited
Payment profiles: Turkey Midsized and large local banks Türkiye Is Bankasi
Kocbank
Akbank
Türkiye Vakfilar Bankasi
Ziraat Bankasi
Türkiye Garanti Bankasi
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Limited Export: Limited Import: Extensive Export: Extensive Import: Average
Payment profiles: United Arab Emirates (UAE) Midsized and large local banks National Bank of Dubai National Bank of Abu Dhabi
Arab Bank for Investment and Foreign Trade Commercial Bank of Dubai
Abu Dhabi Commercial Bank
United Arab Bank
Emirates Bank International Ltd. Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Extensive Export: Extensive Import: Limited Export: Extensive Import: Limited
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MIDDLE EAST: PAYMENT PROFILES
Continued
Payment profiles: Yemen Midsized and large local banks National Bank of Yemen Yemen Commercial Bank
Yemen Bank for Reconstruction and Development Credit Agricole Indosuez
Arab Bank Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Limited Import: Limited Export: Limited Import: Limited Export: Extensive Import: Limited
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AFRICA: Payment Profiles Payment profiles: Algeria Midsized and large local banks Banque National d'Algérie
Banque Extérieure d'Algérie
Banque de l'Agriculture et du Developpement Rural
Arab Banking Corporation
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Limited Export: Extensive Import: Limited Export: Extensive Import: Limited
Payment profiles: Egypt Midsized and large local banks National Bank of Egypt
Misr International Bank
Banque du Caire
Commercial International Bank
National Société Générale Bank
Bank of Alexandria
Banque Misr Danske Bank's payment experience Use of open account Use of collections Use of documentary credits
Export: Limited Import: Extensive Export: Average Import: Limited Export: Extensive Import: Limited
Payment profiles: South Africa Midsized and large local banks Nedbank
Standard Bank of South Africa
ABSA Bank
First Rand Bank
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Average Import: Average Export: Average Import: Limited Export: Average Import: Average
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AFRICA: Payment Profiles
Continued
Payment profiles: Tunisia Midsized and large local banks Societe Tunisienne de Banque
Banque Nationale Agricole
Banque Internationale Arabe de Tunisie Amen Bank
Union Internationale de Banques
Danske Bank Group's payment experience Use of open account Use of collections Use of documentary credits
Section 5: Foreign Banks
Export: Limited Import: Limited Export: Extensive Import: Limited Export: Average Import: Limited
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