OREANDA-NEWS. October 05, 2012. A delegation of Commerzbank AG (Germany) presented Sberbank of Russia with an International STP Excellence Award for outstanding quality of formatting payments channeled through Sberbank's Euro correspondent account with Commerzbank AG, Frankfurt/Main in the year 2011, reported the press-centre of Sberbank.

The Award definitely serves as an obvious acknowledgement of the high quality payment processing standards implemented by Sberbank. In the course of 2011, over 98 per cent of Sberbank's commercial payments, were processed straight-through, without manual intervention. For several consecutive years, this exceptional achievement inspires our German colleagues to mark Sberbank's undisputed leadership among Russian and many foreign banks which maintain accounts with Commerzbank AG.

At the Award presentation Ceremony, Mr. Holger Kautsky, Managing Director, Financial Institutions, Commerzbank AG, extended his gratitude for high professional and competent level of Sberbank's employees, and expressed the hope that traditionally close business relationships between the two banks, will be developing steadily.

Photo: Representatives of Commerzbank AG: Mr. Holger Kautzky, Managing Director, Financial Institutions (third from the left), Mr. Torsten Erdmann, Head of Commerzbank's Moscow Representative Office (first from the left), и Ms. Marina Seel, Relationship Service Manager (second from the right), are presenting the STP Excellence Award to the Representatives of Sberbank: Mr. Alexey Lipchansky, Director of the Shared Service Centre "Yuzhny Port" (third from the right), Ms. Stella Kudachkina, Deputy Director of the Shared Service Centre "Yuzhny Port" (second from the left), and Mr. Alexander Savchenkov., Head of Correspondent Banking, Trade Finance and Correspondent Banking Department (first from the right).