OREANDA-NEWS. June 06, 2008. Deutsche Bank, the leading global provider of clearing and settlement services, awarded DnB NORD Bankas for excellent quality of payment messages (2007 EUR Straight-Through Processing Excellence Award), reported the press-centre of DnB NORD Bankas.

“Congratulations and thank you for your excellence in STP. Deutsche Bank strongly values its long standing and productive relationship with DnB NORD Bankas, and we look forward to working together in 2008,” said Paul E. Camp, Managing Director of Global Transaction Unit in Deutsche Bank in a letter to DnB NORD Bankas.

Such a recognition of excellence in STP from Deutsche Bank went to DnB NORD Bankas, a member of international financial group, for a second year running.

Deutsche Bank is the main correspondent bank of DnB NORD Bankas for international settlements in Euro. About 70 percent of the total international transactions in single European currency of DnB NORD Bankas customers are performed through Deutsche Bank and this flow is increasing every year. High quality of the preparation and forwarding of the payment orders ensures the funds of the customer reach the beneficiary fast and safe.

AB DnB NORD Bankas is part of DnB NORD banking group that was established by the Norway‘s largest bank DnB NOR and North Germany‘s largest bank NORD/LB. DnB NORD Bankas runs three subsidiaries in Lithuania: asset management firm UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas.