Jaiz Bank Commences Forex Transactions

Posted by on Aug 15th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Jaiz Bank Plc has joined other commercial banks in processing of foreign exchange transactions. This allows the bank to process forex transactions for eligible bureau de change (BDC) operators at the Central Bank of Nigeria (CBN). The bank will reportedly commence bidding for its BDC customers from all branches by the first week of September. Furthermore, the bank has also commenced over the counter transactions of PTA and BTA sales at all its branches. Jaiz Bank has 10 branches in several regions of Nigeria. Its capital base had also grown from N5 billion when it started operations last year to about N10 billion.


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