Global Banking & Finance Review, January 2014 – “IBOS International Banking Network now covers 90% of Europe and the Americas by GDP”

January 23, 2014

IBOS embarks on 2014 having recently reached a major milestone in terms of geographical coverage.

Thanks to recent expansion in the Americas, IBOS now offers access to nearly 60% of global GDP, and 90% of the regional GDP of Europe and the Americas.

New banks who have recently joined IBOS include Royal Bank of Canada and Ulster Bank as Full Members, Bank of Tokyo-Mitsubishi as a Limited Member, and Bank Zachodni Poland, Santander Brasil and Santander Chile as Associate Members.

“IBOS’ services exist to support Foreign Direct Investment between the major countries around the world”, said Bob Lyddon, General Secretary of IBOS. “IBOS banks want to work together to set up the banking services companies need to trade outside their home base”.

“With our recent additions to coverage in the Americas, as well what we could already do in Europe, IBOS can offer customers access to markets that represent nearly 60% of global GDP, and 90% of the regional GDP of Europe and the Americas.”

The full article can be found at the following link: IBOS International Banking Network now covers 90% of Europe and the Americas by GDP