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VTB Bank (Deutschland) AG presented "High-quality payments" award to Belarusbank

30.06.2011

During the meeting held on June 28, 2011 the Chairman of VTB Bank (Deutschland) AG, Germany, Valery V. Lyakin presented a "High-quality payments" award to our bank. This award is given to banks with the highest level of automated payment processing (STP - Straight Through Processing - a technology that allows automatic effecting of payments without manual processing). Automatic effecting of payments substantially increases the speed of settlements and also helps to minimize costs.

The bank's representative underlined that due to competent and proper compliance with the requirements to payments execution in 2010 almost all transfers by our bank in Euro (98.2%) have been performed automatically.

Execution of payment instructions is best organized in the operational division of the head office of Belarusbank and in Minsk branches 510, 514, 527, 529.

 

Press Service of Belarusbank

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