Representative Offices:
A Representative Office is a small service facility
staffed by the parent bank personnel that is designed to assist the foreign clients
of the parent bank in dealings with the bank's correspondents and to provide the
clients with a level of service>greater than that provided through merely a
correspondent relationship.
Foreign Branches:
Foreign branches, which may provide full services, may be
established when the volume of business is sufficiently large and when the law
of the land permits it. Foreign branches facilitate better service to the clients and
help the growth of business.
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