OREANDA-NEWS. October 05, 2012. Alfa-Bank has received the prestigious STP Award 2011 Excellent Quality of COMMERZBANK AG. The award recognizes the Bank’s high quality Straight-Through-Processing (STP) of Euro commercial payments and financial institution transfers in 2011, reported the press-centre of Klaipeda Port.

This award confirms the high level of compliance of payment documents that are issued by Alfa-Bank and processed in COMMERZBANK AG automatically with international banking standards and is granted for the highest percentage of the payments among banks in the region.

It will be recalled that this is the second award received by the Bank for the international settlements. In 2009, Alfa-Bank also received an award from COMMERZBANK AG.

Alfa-Bank (Ukraine) is a member of the international consortium Alfa Group and is one of the top Ukrainian banks.

Alfa Group Consortium is one of Russia’s largest privately owned financial-industrial conglomerates, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water supply and water disposal, as well as other industrial-trade and special-situation investments.