OREANDA-NEWS. July 06, 2011. Already for the fifth year one of the biggest European banks Deutsche Bank has approvingly evaluated processing quality of the AS "Latvijas Krajbanka" outgoing payments and awarded the bank an annual prize "Deutsche Bank's STP Excellence Award", reported the press-centre of Deutsche Bank.

Annual STP (The Straight Through Processing) Excellence Award, awarded by one of the largest international banks - Deutsche Bank - is granted, if almost 100% of outgoing payments in the respective currency that are sent through the Deutsche Bank have been completed in accordance with international standards that ensure the automatic processing and fulfillment of those payments.

"This award confirms the professionalism of personnel of Latvijas Krajbanka, as well as the modernity and quality of the bank's technologies, which we pay special attention in our daily work," notes Oskars Jeka, the Head of Bank's Operations Department.

This year for the fourth time the processing quality of outgoing USD payments was specially evaluated. In 2006 AS "Latvijas Krajbanka" received the award for the processing quality of EUR payments.