Wednesday, August 24 2016 16:20
Alina Hovhannisyan

ARARATBANK receives Commerzbank AG STP award for quality excellence

ARARATBANK receives Commerzbank AG STP award for quality excellence

ArmInfo. ARARATBANK has received Excellent STP Quality Award 2015, a prestigious bank award by Commerzbank AG. The press-service of the bank has told ArmInfo that the award has been given by the results of 2015 for the highest quality of making transfers by SWIFT system. The partners have also qualified the award as a guarantee of stable and efficient cooperation with ARARATBANK.

According to the source, in its relationships with bank correspondents ARARATBANK processes international wire transfers via STP (Straight Through Processing) solutions where payment transactions are conducted electronically, without manual intervention. This ensures maximum speed for wire transfers.

ARARATBANK has been given STP Award by Commerzbank each year since 2012 and has been awarded "Quality Excellence" for the fourth time.

To note, ARARATBANK has been operating since November 2015.  European Bank for Reconstruction and Development holds 25%+1 of the bank's shares, 64.24% of the shares belong to Flash petrol trader and 10% to Rural Impulse Fund II (part of Belgian Ickofin Investment Management- Incofin IM).

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