SBI SA has full-fledged Treasury at Johannesburg which handles the foreign exchange operations, investment operations and funding & liquidity management of SBI’s South Africa Operations. Treasury caters to all our branches in South Africa.
SBI SA have the needed expertise and infrastructure that enables us to offer a wide range of foreign exchange and interest rate products to cater to the needs of our valued customers. Our foreign exchange desk is linked to various specialised desks of the Bank across various time zones, and currency markets and offer very competitive rates for spot and forward contract rates.
SBI SA have active foreign exchange desk and our Dealers are constantly in the inter-bank market making two way prices in major currencies. We are active in both Forex spot and Forex swap market. Corporate clients take advantage of some of the best prices available for conversions for Fx spot, Fx swap and out right forwards.
Being the most active player in INR market, we provide the best INR prices. Conversion rates for the day are published on our website daily between 8:30 am to 9:00 am. NRIs and corporates looking to remit INR to India can contact us for best prices.
SBI SA provide uninterrupted trading facility from 8:30 am to 4:30 pm and employs state of the art technology and information systems. We have strong relationship with correspondent banks across the globe with good trading limits which enhances the strength of our Forex treasury.