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MTB Bank established correspondent relations with Landesbank Baden-Württemberg (LBBW), Germany.

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29.12.2023
MTB Bank established correspondent relations with Landesbank Baden-Württemberg (LBBW), Germany. - photo - mtb.ua

It is a nice feeling of satisfaction when you end the year with the growth of your image in the international financial market.

Because the bank is not only about money. This is about opportunities for development and growth, about a worthy place in the international arena and, most importantly, about the trust of partners.

On the eve of the new year, 2024, MTB Bank established correspondent relations with Landesbank Baden-Württemberg (LBBW), Germany.

The partnership with LBBW, which ranks 86th among the 100 largest banks in the world in the S&P Global Market Intelligence report (2023), is among the TOP-10 largest banks in Germany and is the largest land bank and the main state lender of the country, is certainly a clear sign of a strong business reputation. MTB Bank, another confirmation of a high level of trust from leading foreign financial institutions, stability and proper support of the bank's international image.

Rostyslav Ivanov, Deputy Chairman of the Management Board, noted: "The opening of a correspondent account at LBBW was another confirmation of the high business reputation of MTB Bank and its steadfast adherence to the best banking practices and standards in today's conditions. We are very happy that our circle of partners has been replenished with such a powerful player on the European and international markets".


Certificate:

LBBW, Landesbank Baden-Wuerttemberg (federal bank of the state of Baden-Württemberg) is a German international universal commercial bank.

Ranked 86th among the 100 largest banks in the world in the S&P Global Market Intelligence report (April 2023).

It is among the ten largest banks in Germany, the largest land bank and state creditor in Germany. Controlled by the city of Stuttgart, the Land Savings Banks and the Land of Baden-Württemberg.

LBBW includes the retail banks Baden-Württembergische Bank (BW-Bank), Rheinland-Pfalz Bank and Sachsen Bank.

The bank has 160 branches and service points in Germany and another 17 in other countries. LBBW also has a very extensive correspondent network covering 2,800 banks worldwide.

About two-thirds of the activity is in Germany, another 22% is in other Western European countries, 7% in North America, 3.5% in the Asia-Pacific region.

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