“Bai-Tushum and Partners” became SWIFT system participant
The Bank “Bai-Tushum and Partners” became the participant of the international payment system SWIFT with appropriated code BBTPKG22. The introduction of the Bank to SWIFT system became the new step in development of international operations of the Bank, which allows providing the clients speed and reliability of carrying out international payments, and open additional opportunities to the Bank for development of interbank correspondent relations with the foreign partners.
S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunication) – the network for worldwide interbank financial telecommunication was founded in 1973 and was supported by 239 banks in 15 Europe and North America countries. The main purpose of the worldwide interbank network is to send and receive information about financial transactions in a secure, standardized and reliable environment. Today SWIFT linked more than 8,000 lending and financial institutions, banks, leading industrial companies from 206 countries. The key goal of the interbank SWIFT system is reliable secure from unauthorized access to financial messages among financial institutions worldwide countries.