Yapi Kredi Bank Nederland NV’s Financial Institutions department monitors and expands its correspondent banking activities parallel to the Bank’s overall business growth objectives and activities in the emerging and developed markets. It principally supports the Bank’s trade finance, corporate & private banking and treasury activities, by creating a delivery capacity for a wide range of banking products through establishing and maintaining long-term business relationships with a large number of financial institutions worldwide. The team also supports the Bank’s various business units and activities by continuously exploring, identifying and facilitating new products, in addition to its ambassadorial role of conveying Yapi Kredi Bank Nederland NV’s corporate image to the international financial community, as an ethical, viable and creditworthy institution.
It is also an active player in the international forfaiting markets, managing and developing its “bank related” forfaiting portfolio, which include documentary credits and collections, bilateral and syndicated loans, bills of exchange and promissory notes and other trade-related products tradeable in the international secondary markets.
Additionally, the department closely monitors and follows up all individual and country specific credit risk aspects of its worldwide banking relationships and ensures to fully implement the Bank’s credit policies.
Financial Institutions department actively handles a vast number of elaborate banking products including syndicated loan facilities, securitized loans, stand-by letters of credit, financing under bills of exchange and promissory notes, funded/ unfunded risk participations, letters of guarantee as well as letters of credit and all other forms of documentary credit business and their financing. The Bank’s international trade flows are diligently routed to its correspondent banking network under a strict scrutiny for feasibility, optimality and reciprocity considerations and by also taking an active role in its pricing process.
The product spectrum of the Financial Institutions department consists of:
- Letters of credit
- Letters of guarantee
- Documentary collections
- Stand-by letters of credit
- Promissory notes
- Bills of exchange
- Post-financing and discounting of letters of credit
- Loan facilities backed up by facility letters and stand-by letters of credit
- Pre-export financing facilities
- Syndicated loans
- Funded and unfunded risk participations
Umut Cetintas, PhD
Head of Financial Institutions
Phone: +31 20 462 4404
Phone: +31 20 344 5522
H. Yigit Apaydin
Phone: +3120 344 5524