Alinma Bank Launches Letter of Guarantee Verification Service

Alinma Bank has launched its Letter of Guarantee Verification Service for its corporate banking partners (customers). The new service, which is offered free of charge through the bank’s Alinma Internet corporate web portal, provides partners a simple, secure, user-friendly method to verify the validity, authenticity and accuracy of letters of guarantee.

Speaking about the new service, Alinma Bank CEO, Mr. Abdulmohsen Al-Fares, said that it had been developed in response to the rapid growth of business sectors in the Kingdom. He noted that, thanks to increases in government spending and private sector development, needs for professional services had also increased and that Alinma stood ready to help companies meet the demands of their businesses through innovative technological solutions such as the Letter of Guarantee Verification Service.

Alinma Bank remains a leader in the implementation of best practices and the use of the latest in banking technologies on behalf of its partners.  Alinma provides access to its products and services through a full range of electronic channels including Alinma Phone for retail services (8001208000), Alinma Phone for corporate services (8001201010) and its smartphone application, which is compatible with all major device operating systems. Alinma also has an extensive network of branches and ATMs reaching across the entire Kingdom.