OREANDA-NEWS. November 27, 2012. JSC "Belagroprombank" was honored by Commerzbank AG with an International STP Excellence Award for achieving the highest quality of formatting payments channeled through Belagroprombank’s correspondent accounts with the German bank in 2011, reported the press-centre of Belagroprombank.     

The Award was presented to the Chairman of the Board of JSC “Belagroprombank” Vladimir I.Podkovyrov during the meeting with representatives of Commerzbank AG, which was held on November 8, 2012. Commerzbank AG emphasized that the quality of processing international payments can reduce the cost and increase the speed of settlements performed by the bank.

JSC "Belagroprombank" holds three correspondent Nostro accounts with Commerzbank AG – in U.S. dollars, euros and the Chinese yuan. Commerzbank AG is the key EUR correspondent bank of JSC "Belagroprombank".

Information: Commerzbank AG is the second largest bank in Germany and one of the major clearing banks in Europe. Commerzbank AG has more than 60 units in more than 50 countries and serves approximately 15 million private customers and 1 million corporate customers around the world. Commerzbank AG has a global corporate network with more than 6,000 correspondent banks around the world, and serves approximately 5,000 correspondent accounts, opened in the bank’s books. More than 35 million commercial and 13 million interbank payments are processed annually through Commerzbank AG.