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IBOS INTERNATIONAL BANKING NETWORK NOW COVERS 90% OF EUROPE AND THE AMERICAS BY GDP

Published by Gbaf News

Posted on January 23, 2014

2 min read

· Last updated: December 7, 2018

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IBOS Achieves New Milestone in Coverage

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

Bob Lyddon

Bob Lyddon

Expanded Access in Europe and the Americas

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 IBOS Member Banks Announced

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.

Supporting International Banking Collaboration

“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.”

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

Bob Lyddon

Bob Lyddon

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.”

Key Takeaways

  • IBOS expanded coverage to reach 90% of Europe and Americas GDP by adding key member banks.
  • New members include RBC and Ulster Bank (Full), Bank of Tokyo‑Mitsubishi (Limited), and several Santander affiliates (Associate).
  • IBOS enables banks to support foreign direct investment via shared cross‑border services.
  • IBOS network now offers access to nearly 60% of global GDP through enhanced regional reach.

References

Frequently Asked Questions

What is IBOS?
An international banking network facilitating cross‑border services like account opening, payments and liquidity management through member banks.
Which new banks joined IBOS recently?
Royal Bank of Canada and Ulster Bank joined as Full Members; Bank of Tokyo‑Mitsubishi as Limited Member; Santander Brasil, Santander Chile, and Bank Zachodni Poland as Associate Members.
What geographic reach does IBOS now cover?
The network covers approximately 90% of the combined GDP of Europe and the Americas and nearly 60% of global GDP.

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