Standard Chartered Bank grants STP Award to Vietcombank, BIDV

April 18, 2013 | 14:11

(0) user say

Standard Chartered has granted the Straight-Through Processing Award for 2012 to Vietcombank and BIDV.

The awards are to honor both banks excellent performance in Straight through Processing (STP) in 2012.

The banks are chosen for the award thanks to their relentless efforts to offer the best payment services to customers despite the economic crisis in 2012. Their STP ratios for 2012 showed a payment accuracy of more than 95 per cent.

Haroon Anwar, head of Transaction Banking, Standard Chartered Bank (Vietnam) Limited, said “It is our pleasure to grant STP awards to Vietcombank and BIDV. We are proud to have Vietcombank and BIDV as our partners and we look for further opportunities in cooperation with these banks. These awards demonstrate our recognition of the quality of international payment messages received from these banks as well as the capability of their payment staff.”

The prestigious award acknowledges the operational capacity of Vietcombank and BIDV and recognises the outstanding efforts of these banks to improve its service quality in international payments process.

As an international bank in Vietnam, Standard Chartered has enthusiastically promoted the international settlement business for local banks. The bank has positioned itself as a leader in providing banking services in Vietnam and has been named “the Best Service Provider” in Vietnam and offered The Asset Triple A Transaction Banking Awards 2013.

By Hoang Anh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional