OREANDA-NEWS. March 07, 2012. A delegation from The Bank of New York Mellon, NY, USA, headed by Mr. Sergei Kotov, Regional Executive Eastern Europe, presented Sberbank of Russia with the Award for Excellence 2011 in Recognition for Outstanding STP Rate, reported the press-centre of Sberbank.

Sberbank of Russia has been awarded for excellent quality of formatting payments routed via its Nostro correspondent account in USD with The Bank of New York Mellon during 2011.

As it was emphasised at the award ceremony, 20 years have passed since the commence of the account relationships between Sberbank of Russia and The Bank of New York Mellon in US Dollars. Mr. Kotov pointed out that, in the meantime, Sberbank of Russia has steadily performed high quality of payment formatting.

“This international award is a testimony to Sberbank’s achievements in effective payments settlement and its unfailing attention to the customer needs,” Olga Kanovich, Senior Vice-President of Sberbank of Russia, asserted. “Let me thank our American colleagues for their high assessment of the quality of payments. This success is the consequence of our close cooperation with The Bank of New York Mellon”.