OREANDA-NEWS. August 13, 2012. Commerzbank AG distinguished the quality of performing commercial payments and transfers between financial institutions by AS "SMP Bank" and awarded the Bank with the STP Award 2011 - Excellent Quality in the Delivery of Commercial Payments and Financial Institution Transfers, reported the press-centre of SMP Bank. 

JSC „SMP Bank" was established as JSC "Multibanka" and registered in April 1994.

JSC "Multibanka" predecessor - Latvian branch of the Bank for Foreign Economical Affairs of the USSR - was founded in 1988, however it was nationalized in 1991 and became the Foreign Operations Department of the Bank of Latvia.

JSC "Multibanka" merged with Joint Stock Company "LNT Skonto Banka" in 1995.

Bank became the member of S.W.I.F.T in 1995, allowing using Reuter's information system, thus ensuring technical support of FOREX and Money Market operations.