# International banking alliance welcomes Intesa Sanpaolo Bank Romania to its member network
Published: 2023-03-09
Category: Finance
Category URL: https://blockchaintribune.com/category/finance/
Meta Title: Intesa Sanpaolo Bank Romania Joins IBOS Association for Global Business Expansion
Meta Description: Joining IBOS enriches geographic coverage in Europe, providing local knowledge to help businesses prosper in Romania - creating global opportunities.
URL: https://blockchaintribune.com/international-banking-alliance-welcomes-intesa-sanpaolo-bank-romania-to-its-member-network/

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IBOS Association (IBOS), an international banking network, is delighted to announce its newest member, Intesa Sanpaolo Bank Romania.

Intesa Sanpaolo Bank Romania joining the [network](https://blockchaintribune.com/uks-vodafone-and-virgin-media-agree-new-network-sharing-deal/) enriches IBOS’s strong geographic coverage in Europe and provides specialist local knowledge to help businesses prosper in Romania, generating captivating global opportunities for all IBOS [member](https://blockchaintribune.com/unilever-ceo-looking-for-first-ever-global-plastics-treaty-with-teeth/) banks.

As an international alliance consisting of some of the largest banks in the world, IBOS allows its members to provide local banking services across the globe. This therefore permits businesses to operate across several jurisdictions where they themselves are not present.

As a result, IBOS helps customers operate efficiently, avoid exchange rate risks and streamline cash management in multiple jurisdictions through its innovative online portal centred on opening accounts for its members’ new corporate customers, making IBOS accessible and open for business 24/7. The network’s advanced online platform for member banks is an effective tool that has certainly changed how the market operates.

IBOS Managing Director, Manoj Mistry, commented: “ _We are delighted to welcome Intesa Sanpaolo Bank Romania as our newest IBOS member. This will expand the IBOS network’s pool of knowledge, enabling members to develop fruitful cooperation that will benefit all member banks and their corporate clients_.”

Vlad Ponta, Intesa Sanpaolo Bank Romania Head of Corporate and SMEs Division and Deputy General Manager , added: “ _Joining the IBOS alliance is a strategic decision of the Bank, with a great impact also for Romania, which confirms the Bank and the country’s aspiration to continue to develop and strengthen the attractiveness of its offerings to businesses across the globe. While already leveraging on our belonging to one of the most solid European banking Group, we look forward to collaborating with the other member banks to provide further benefits to our corporate clients through the advantages of being part of the IBOS network_.”

Throughout 2023, the IBOS network will continue to grow and is motivated to expand its international alliance across the globe. Through IBOS, global corporate business can work locally.


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