OREANDA-NEWS. August 02, 2012. Russian Agricultural Bank (RusAg) has recently been granted a prestigious 2011 STP Award by VTB (Deutschland) AG in recognition of operational excellence in the field of Euro payments processing, reported the press-centre of RusAg.

Chairman of VTB (Deutschland) AG Valeriy Lyakin and Senior Vice-President Dmitry Bychkov commended the high quality of RusAg`s international settlements service, which is acknowledged by multiple awards of the world’s leading financial institutions.

STP (Straight-Through Payments) Award is a mark of conformity to the highest standards of international payments processing. It is granted by the largest financial institutions to their best correspondent banks.