VTB Bank (Kazakhstan) picked up prestigious award «STP - Award 2014»

14.04.2015 German bank VTB BANK (Deutschland) AG, Frankfurt am Main awarded prestigious banking award «STP - Award 2014*» to Subsidiary JSC VTB Bank (Kazakhstan) for excellent quality of arranging international payments in euro.

The award was adjudged following the results of 2014 and is confirmation of high level of personnel qualification, in particular the Office of payments and payment systems of the Operations Department of the Bank. The fact of adjudging «STP - Award 2014*» indicates that technology of conducting payments in foreign currency in VTB Bank (Kazakhstan) fully complies with high international standards, providing customers with high rate of payment processing and reliability, as well as helps to minimize operating costs.

Sergey Gusarov, Chairman of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «STP - Award 2014» - is a momentous event in the history of VTB Bank in Kazakhstan. We believe that prosperity of our business is inextricably associated with constant striving for high international standards of conducting banking payments and customer satisfaction. We are proud that VTB BANK (Deutschland) AG, Frankfurt am Main acknowledged and appreciated work of the Bank on high level».

*Straight Through Processing (STP) – is compliance with standards of formatting payments that allows to conduct them in automatic mode without manual processing.