Financial Institutions Division manages the relationships Banque Saudi Fransi has with international and domestic banks, as well as non-bank financial institutions.
In addition to the bank's partner Credit Agricole CIB extensive global network, Banque Saudi Fransi has relationships with more than 500 correspondents around the world. Financial Institutions Division services cover the following areas:
Vostro - Loro Accounts
For Saudi Riyal clearing activities including foreign exchange requirements, letters of credit, reimbursement orders and Saudi Riyal remittances, Banque Saudi Fransi offers via its correspondents the best services and most competitive terms and conditions.
For companies who are active in Saudi Arabian projects, Banque Saudi Fransi can assist and re-issue guarantees, such as: bid bonds, performance and payment guarantees, against counter guarantees favoring the local beneficiary.
Export Letters of Credit
Banque Saudi Fransi also provides services to exporters concerning letter of credit confirmations, discounting and other related issues.
In addition to the operational roles of our bills departments in our Regional Offices in Riyadh, Jeddah and Al-Khobar, Financial Institutions Division is the main contact for financial institutions, when requiring information about import activities from Saudi Arabia, including crude oil, petrochemicals, etc. Please contact Banque Saudi Fransi for competitive terms and conditions.