NEVIS, St. Kitts and
Nevis, June 6, 2023 /PRNewswire/ -- International
Merchant Bank Limited (IMBL), an International Bank licensed
and regulated by the Nevis Financial Services Regulatory Commission
(NFSRC) based in St. Kitts and
Nevis, and Metropolitan Commercial Bank (MCB)
[Member FDIC], a New York State
chartered commercial bank in the United
States of America, have commenced a Correspondent Banking
relationship for a minimum term of five years.
International Merchant Bank Limited (IMBL),
Your Partner To The World.
In today's global economy, development is critically and
inevitably inter-reliant between nations. This ever-increasing
interdependence of countries has led to overwhelming demand for
international trade. Banks and Financial Institutions are playing a
fundamental role in support of this by enhancing their ability to
make and receive international payments via correspondent
banking. MCB's ability to combine the high-touch service
and relationship-based focus of a community bank with the extensive
financial solutions offered by large competitors makes it a valued,
trusted and innovative strategic partner to IMBL.
Dhwani Srivastava, Chief Executive Officer of
International Merchant Bank Limited commented,
"This is a remarkable milestone. Having correspondent banking
relationship with Metropolitan Commercial Bank enables IMBL to
serve our clients faster and more efficiently for the international
payment/settlement-related transactions while broadening and
enhancing our transaction channels. We have seen most payments
settle the same day or within 24 hours. This strategic relationship
will lead to significant growth for our business."
MCB, a subsidiary of its parent company Metropolitan Bank
Holding Corp. (NYSE: MCB), was founded in 1999 and offers a variety
of business, commercial and personal banking products and services
to small and middle-market businesses, public entities and affluent
individuals in the New York
metropolitan area. As a New York
State Chartered commercial bank, MCB is sharply focused
on serving their client's needs, while enhancing shareholder value
by capitalizing on the growth opportunities of a dynamic
marketplace.
MCB finished in the top ten of S&P Global Market
Intelligence's annual ranking of the best-performing community
banks with assets between $3 billion
and $10 billion for 2022, and among
the top ten top-performing community banks in the Northeast region
for 2022. MCB is also a member of the Piper Sandler Sm-All Stars
Class of 2022. MCB is a New York
State chartered commercial bank, a member of the Federal
Reserve System and the Federal Deposit Insurance Corporation.
Nick Rosenberg, Executive
Vice President, Head of Global Payments Group of Metropolitan
Commercial Bank says,
"We are proud to showcase the unmatched experience,
acumen, and intuitiveness of Metropolitan Commercial Bank's Global
Payments Group. For us, working with IMBL is a very promising
opportunity, and we look forward to this
collaboration."
About International Merchant Bank Limited (IMBL)
IMBL, based in St. Kitts and
Nevis, aspires to be the bank of choice for individual and
corporate clients globally. The IMBL team has decades of global
experience in Banking and Trade Finance. IMBL's client offerings
reflect its core strengths and passion in banking. As a top
international bank in its region, IMBL has standards and
commitments that have been purposefully identified for a better
tomorrow. We hope to be your partner to the world. For more
information, please visit www.imbltd.com.
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SOURCE International Merchant Bank Limited