Argentinstan wrote:ANNOUNCEMENT
Yohannes and I have announced a partnership agreement between this bank (Bank of Yohannes) and the Bank of the Atlantic where we will streamline the banking process and hopefully make banking for our customers easier than ever.
World Assembly: Bank of the Atlantic and the Bank of Yohannes has announced new partnership agreement
Ms Ester Fleischmänn — Opinion Piece Editor: In November 2017, the Bank of the Atlantic and the Bank of Yohannes has announced a new partnership agreement to streamline inter-banking process and to make banking for customers easier.
Royal Alexandria, 20 November 2017 — The [ Bank of the Atlantic ] and the Bank of Yohannes today announced a standing inter-bank networks agreement, effective immediately. The agreement allows for the provision of the nineteen countries’ EFTPOS (Electronic Funds Transfer at Point Of Sale) system — interconnected financial network between banks and financial institutions in the nineteen countries that allows the processing of credit cards, debit cards, and charge cards at point of sale terminals — to be integrated with the system used by the Bank of the Atlantic. Olivia Benson, Chief Executive Officer of the Bank of the Atlantic, explained that, “This would streamline inter-banking process and make banking for customers easier.”
Attached to the agreement was the arrangement for the Bank of the Atlantic to distribute its products to customers of the Commercial Bank of Yohannes, a subsidiary of the Bank of Yohannes, and vice versa. The tie-up will further augment the Commercial Bank of Yohannes’ distribution network as CBY has a network of 3,952 branches across 100 nations with a healthy customer base of micro, small and medium sized businesses and large corporations, e.g., [ Trelatche Computing Development ].
This is the first international inter-bank agreement signed by the Bank of Yohannes since the World Assembly Compliance Status regime under the Nineteen Countries Banking and Financial Regulations Authority was introduced by the Thirty-sixth Christian Democratic Executive Council’s Chancellor [ Annabelle Thorndon-Stevensonn ] in September 2017. “The Bank of Yohannes is pleased to strike up a friendly agreement with the Republic of Argentinstan’s Bank of the Atlantic to allow easier banking and to offer a wider array of products for our customers”, Dame Julianna Stefansson, Group Chief Executive of the Bank of Yohannes said before the senior press gallery during questioning time yesterday.
“The Bank of the Atlantic has been growing much, much faster than the Bank of Yohannes for quite some time now. We are delighted to tie up with a customer-centric and strategically healthy GE&T index listed institution like the Bank of the Atlantic”, she added. The Bank of Yohannes expects to deliver annualised cost savings of around 480 billion NationStates Dollars by the end of 2017, around 70 billion NSD above the upper bound of its original target, whilst continuing to invest in its internal compliance and regulatory programmes to meet the latest World Assembly international laws, e.g., [ General Assembly Resolution #401 ].
“We will invest an equivalent total of around 480 billion NSD over the next three years, whilst increasing our market share in a number of fast growing, new key markets of the new world regions concerning our instruments and products. One is of course our trade finance operation in Argentinstan, and to an extent the rest of the [ United Nations of Earthlings ] region. It is crucial that we extend our hands and partner up with the more fast-growing institutions of the international community whilst we streamline our somewhat bloated banking operations outside the region of Greater Dienstad.”
Published by The Royal Alexandria Times
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