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Corporate clients of Kapitalbank can now make mutual settlements with partners from China, Japan, Turkey, South Korea and Kazakhstan in national currency of these countries.

Earlier, JSCB Kapitalbank has already carried out conversion and payment in US dollars, Euros, Russian rubles, British pounds and Swiss francs. Now the bank has launched direct conversion and payment under foreign trade contracts in Chinese yuan, Japanese yen, Turkish lira, South Korean won and Kazakh tenge. Many local businessmen working with partners in these countries were forced to overpay for conversion or find intermediaries if foreign companies refused to accept payment in international currency. Expansion of currency line will enable local businessmen to enter into direct contracts, refuse services of intermediaries and not overpay for conversion, which will ultimately significantly reduce the cost of imported products and help businesses expand their geography.

To date, JSCB Kapitalbank carries out direct conversion and payment under foreign trade contracts in ten currencies:

  • US Dollar
  • Euro
  • Russian Ruble
  • British Pound
  • Swiss Franc
  • Chinese Yuan
  • Japanese Yen
  • Kazakh Tenge
  • South Korean Won
  • Turkish lira

As previously reported, all foreign currency conversion operations in Kapitalbank are carried out in record time. The entire cycle from application submission to payment abroad is carried out through the remote banking system without the need for personal presence in the bank.

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