OREANDA-NEWS. August 01, 2011. Joint Stock Company The State Export Import Bank of Ukraine (Ukreximank) received the Excellent Quality Award in the delivery of commercial payments and financial institution transfers from Commerzbank, the second largest German bank and one of the top world banks,. reported the press-centre of Ukreximank.

Considerable number of Ukreximbank customer payments, LORO-bank customer payments and interbank transfers that form about 60% of the Bank EURO denominated payments are effected through Commerzbank. The high level of processing quality of such payments and their ongoing year-to-year growth contributes to higher data integrity and, thus, quick and trouble-free performance of payments and their lower cost.

According to Commerzbank, EURO STP payments by Ukreximbank in 2010 reached 99.3%.

“The award from a prime European bank is an evidence of high quality of technological processes and high professional level of Ukreximbank employees that meet highest international standards – stated Ms. Olga Alieksieieva, Member of the Board of Ukreximbank. – We see that our foreign partners appreciate our efforts aimed at achieving high quality of settlements, which is beneficial for both financial institutions and the customers”.

The straight-through processing settlements (STP) are effected automatically and essentially reduce operating expenses.