The Bank now offers improved foreign exchange, payments and global trade finance service through:
* FNB FX-Online, a proprietary online foreign exchange platform providing state-of-the-art technology and security in payment processing.
* International payment capabilities through full membership on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network.
* Delegated Lender Authority under the Export-Import Bank of the United States Working Capital Program, providing customers with more efficient access to international financing.
"Each of these new services gives First National Bank a competitive advantage, but together they round out a sophisticated international banking program that provides additional capabilities to our extensive product offering," said Vincent J. Delie, Jr., President and CEO of F.N.B. Corporation.
Yenner Karto, Senior Vice President and Head of First National Bank’s International Banking Services, added, "First National Bank is known for customer focus. We continue to invest in solutions that align directly with what commercial clients have told us they need to compete in global markets, putting us in an excellent position to grow and succeed together."
The Bank launches these leading-edge services as part of the continued expansion of its international banking unit, delivering foreign exchange, global trade, risk management and treasury management solutions. Karto, who was hired in 2013 to build out the new division, leads a team of international banking experts dedicated to providing the guidance and resources companies need to navigate the challenges of international business.
