OREANDA-NEWS. June 09, 2008. Parex Bankas wins the 2007 EUR STP Excellence Award for excellence in processing international payments in euro. The award has been granted by the largest German bank Deutsche Bank, which is one of the leaders of financial services worldwide, reported the press-centre of Parex Bankas.

Parex Bankas was evaluated among all banks which process international payments in euro through Deutsche Bank. The German bank evaluated the quality of international payments in euro taking into account the smallest number of errors in transfer operations.

“We are glad about this very important acknowledgement achieved by accurate and professional Parex Bankas specialists with a responsible attitude towards their tasks. The bank has been constantly investing in the bank systems and training of employees, seeking highly professional provision of all bank services,” commented Alma Vaitkunskiene, Chairwoman of the Board of Parex Bankas.

Seeking quality and effectiveness of fund transfer and reliability of operations, Parex Bankas has been successfully introducing innovations in compliance with European standards. The bank is a member of the real-time system of international payments in euro TARGET2. Customers of Parex Bankas may receive SEPA (Single Euro Payments Area) payment standard transfers.