OREANDA-NEWS. May 26, 2010. JSC Belagroprombank won Deutsche Bank’s 2009 “Straight-Through Processing (STP) Excellence Award” in recognition of its excellence in the quality of payment messages in Euro through the Nostro corresponding account held at Deutsche Bank AG. JSC Belagroprombank sent 99,72% of its payments to Deutsche Bank via straight-through processing, posting one of the best results among all correspondent banks of Deutsche Bank AG, reported the press-centre of Belagroprombank.

In the congratulation letter Deutsche Bank AG emphasized that straight-through processing enables to reduce payment processing costs and gives the two partners the competitive edge in the modern highly-competitive banking sector. Deutsche Bank AG strongly values its long standing and productive relationship with Belagroprombank and looks forward to further cooperation.

Such excellent achievement was driven by regular training of Settlements Centre Personnel, up-to-date level of straight-through payment processing, as well as efficient interaction between the bank branches’ settlement departments and the bank’s head office.

“This award is a testimony of evaluation of the bank’s high performance at the financial market. I am confident that the quality of payments processing in our bank will continue to comply with the international standards and we will continue to be recognized for our excellent performance once again by such reputable financial institutions” said Mr. V. Lintchuk, head of Settlements Centre.