OREANDA-NEWS. July 13, 2009. SB Bank is awarded the STP Excellence Award by Deutsche Bank for the high quality in formatting US Dollar payments. SB Bank receives this award for the 4th time, reported the press-centre of SB Bank.

This year SB Bank achieved the best result in formatting payments among Russian Banks – STP rate payments reached 99.9% of all SB Bank’s commercial payments routed through USD account with Deutsche Bank.

On the 1st of July, 2009, at the Award ceremony held at the premises of SB Bank, Mr. Tim Fyfe, Director of Cash Management with Deutsche Bank, underlined excellent results of cooperation with SB Bank and confirmed the intention to further strengthen business relations.

Presently SB Bank provides its customers with a full range of services in the field of international settlements in all major world currencies which is possible due to a developed network of SB Bank’s Nostro accounts held in such banks as Deutsche Bank Trust Company Americas, Citibank N.A., Commerzbank AG, National Bank of Canada, Banque de Commerce et Placements S.A., Credit Suisse, Danske Bank A/S, Bank of Tokyo-Mitsubishi UFJ., KBC Bank NV., Raiffeisen Zentralbank Osterreich AG, Standard Chartered Bank, UniCredit Bank and others.