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Araratbank awarded excellent STP Quality Award 2015 by German Commerzbank AG

25.08.2016 13:32

Araratbank awarded excellent STP Quality Award 2015 by German Commerzbank AG

YEREVAN, August 25. /ARKA/. Yerevan-based Araratbank has been awarded Excellent STP Quality Award 2015 by German Commerzbank AG for ensuring high quality money transfers via SWIFT system in 2015.

‘Araratbank’s partners view this award as an indication of stable and efficient cooperation,’ the press release says.

According to the press release, in relationships with correspondent banks 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.

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Tags: Araratbank, Armenia, award, Commerzbank, STP Quality Award 2015

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