29.11.2019Account closure in DKK, NOK and SEK

Dear Customers,

We hereby inform you that as of 01.01.2020 Municipal Bank AD will terminate its correspondent relationship with Danske Bank A/S and the accounts in Danish Krone (DKK), Swedish Krone (SEK) and Norwegian Krone (NOK) will be closed. As of the same date, customer accounts in the currencies indicated will not be opened and maintained.

Municipal Bank AD will execute payments in Danish Krone (DKK), Swedish Krone (SEK) and Norwegian Krone (NOK) ordered by its customers at the Bank's branches through its correspondent bank The Bank of New York Mellon, New York (BIC: BONYUS3N) with next value date, as customers will be debited with the amount of the transfer and the cost of the ordered currency against the US dollar, valid on the day of the payment order.

For additional information, as well as for the possibility to make transfers in more than 120 currencies, you can contact the employees in Municipal Bank AD’s branches.

Yours truly,

Municipal Bank AD team