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Oriyonbonk Strengthens Cross-Border Settlement Infrastructure Between Central Asia and the Gulf Region

11.04.2025

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During the AIM Congress 2025 in Abu Dhabi, Oriyonbonk held a high-level working meeting with First Abu Dhabi Bank (FAB), the largest financial institution in the United Arab Emirates and a key player in the Gulf region’s banking sector. The central focus of the discussion was the finalization of correspondent banking relations between the two institutions - a development that marks a significant step in Oriyonbonk’s broader strategy to strengthen its international payment infrastructure. Oriyonbonk was represented by Mr. Anvarov Sh.A., Deputy Chairman of the Management Board, and Mr. Haidarov D.Sh., Head of the Settlement Center. FAB was represented by Ms. Soonam Subhakaran, Executive Director for Financial Institutions, Central Asia, Europe, and the Americas. The meeting addressed critical operational and regulatory parameters, including settlement mechanisms, compliance standards and risk management frameworks. Both sides underscored their shared commitment to building a secure and efficient cross-border settlement channel. First Abu Dhabi Bank is regarded by Oriyonbonk as a strategic partner in expanding its access to key financial corridors - particularly across the Gulf Cooperation Council (GCC) region and supporting the growing volume of international trade and remittances. The forthcoming establishment of a direct correspondent relationship is expected to reduce transaction costs, improve the reliability of cross-border flows and enhance service delivery for clients engaging in international financial activities.

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