DongA Bank receives Bank of Mellon’s award

April 06, 2013 | 08:46

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DongA Bank has been awarded by Bank of New York Mellon (BNY Mellon) an Excellence Award for 2012 for Straight Through Processing (STP), according to DongA Bank’s website.

The STP Award, granted every year by BNY Mellon, acknowledges outstanding performance with respect to payment processing.

Last year, STP between the two banks reached more than 95 percent of total payments.

Along with DongA Bank, the Vietnam Prosperity Commercial Bank (VPBank) also received the STP Award from the BNY Mellon last month.

The Bank of New York Mellon Corporation is an American multinational banking and financial services corporation formed on July 1, 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. It is the oldest banking corporation in the United States , tracing its origins to the establishment of the Bank of New York in 1784 by Alexander Hamilton.

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