Offshore Banking Archives - Prominence Bank

+(44) 208 895 6493 Mon - Fri 09:00 - 17:00 Centre Montpellier PB 788, Fomboni, Mwali, KM

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Offshore Banking

Does the bank sign a PGL or BPU after the DOA is executed with an account holder?

March 1, 2025admin

No, Prominence Bank does not sign Purchase Guarantee Letters (PGL) or Bank Payment Undertakings (BPU) after the execution of a Deed of Agreement (DOA) with an account holder. These agreements are strictly between the transacting parties. We recommend that clients consult with their legal and financial advisors to ensure full compliance with all regulations before...

Is Prominence Bank capable of conducting KTT transactions?

March 1, 2025admin

Yes, Prominence Bank accepts and facilitates KTT transactions for its account holders. To initiate a KTT transfer, an account holder must request activation of the KTT service, which is typically processed within 24 hours without additional costs.

Where is Prominence Bank located?

March 1, 2025admin

Prominence Bank operates under a Class A Full Bank License (License No. B2019018) issued by the Autonomous Island of Mwali, part of the KM Union. Our Bank License Registrar Office is located at Centre Montpellier PB 788, Fomboni, Island of Mwali, KM.