MANAMA, BAHRAIN — [October 12, 2026] — Singapore Gulf Bank (SGB) today announced an expansion of its USD payment capabilities through BNY (NYSE: BNY), a global financial services company, 24/7 USD Book Transfers solution. This gives SGB’s clients more flexibility to manage qualifying USD payments around the clock, without having to work around traditional US banking hours, weekends or US public holidays.

USD transfers can settle at any time between eligible accounts held directly with BNY or with correspondent banks that use BNY and are enrolled in the service. This service applies to both corporate and retail clients, enabling businesses to manage payables, fund accounts and carry out time-sensitive cross-border treasury transactions.

SGB is among the first financial institutions globally to adopt the service.

“Our clients operate across markets and time zones, and their business needs do not always fall within traditional US banking hours,” said Ali Moosa, Executive Vice Chairman of Singapore Gulf Bank. “Working with BNY strengthens our payment network and reinforces SGB’s commitment to providing real-time cross-border banking solutions.”

“Round-the-clock USD settlement gives institutions greater agility in managing liquidity and fulfilling urgent financial obligations,” said Bana Akkad Azhari, EMEA Head of Global Payments & Trade, BNY. “We are pleased to make 24/7 USD Book Transfers available to Singapore Gulf Bank and support the evolving treasury needs of its clients.”

This addition further strengthens SGB’s correspondent banking network and its ability to support cross-border payments for clients across the Gulf, Asia and beyond.

‍

About Singapore Gulf Bank

Singapore Gulf Bank (SGB) is the bank for all of finance, serving businesses and individuals worldwide. Backed by Whampoa Group, a Singapore-based investment holding company, and Mumtalakat, Bahrain’s sovereign wealth fund, SGB is fully licensed and regulated by the Central Bank of Bahrain.

For more information, visit www.sgb.com. Stay connected with us on LinkedIn, X and Instagram.

‍

About BNY

BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of June 30, 2026, BNY oversees $62.6 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

‍