YEREVAN, November 27. / ARKA /. VTB Bank (Armenia) said today the Citibank gave it the STP Award 2016 for the high quality of international money transfers. It said the Straight Through Processing award confirms that the services rendered by VTB Bank (Armenia) comply with high quality standards of international settlements, the observance of which ensures the execution of payments in automatic mode without manual processing.

The STP Award 2016 is given to Citibank's partner banks around the world, which provide the best balance between the number of payments and the quality of issuing payment instructions.

VTB Bank (Armenia) was acquired by Russian VTB Group in 2004. The bank runs 67 branches across Armenia. -0-