OREANDA-NEWS. August 26, 2010. JPMorgan Chase Bank, New York awarded ING Commercial Banking with "Elite Quality Recognition Award" in two nominations, recognizing its high performance in the field of trade and treasury. American bank has chosen ING of more then 6 000 banks around the globe. ING Commercial banking in Russia has been awarded with two J.P. Morgan Quality Recognition Awards for the quality of USD clearing in 2009: for US Dollar Clearing MT202 99.7% and US Dollar Clearing MT103 99%. Today STP (Straight Through Processing) rate is over 99% of all commercial payments and over 99.7% of treasury operations, reported the press-centre of ING.

The Award was handed over by Mr. Natarajan Sethumadhavan, Managing Director, Head of FI Sales, EMEA Treasury Services . "We are happy to award ING in two nominations of Elite Quality Recognition Awards, as ING meets our stringent STP performance standards", stated Mr. Sethumadhavan.

ING Commercial Banking in Russiahas been awarded with Elite Quality Recognition Award 7 years in a row, since 2003.

JPMorgan Chase Bank is one of the leading US banks and is locked in top-10 of global banks. The bank was founded in 1996 as a result of a merger of The Chase Manhattan Bank NA (founded in 1955) and Chemical Bank (founded in 1824).