An award "In Recognition of Your Outstanding Payment Formatting and STP Rate" presented to Sberbank

Mar 20, 2005

On March 21, 2005, on the premises of Sberbank's Head Office at 19 Vavilova Street, Moscow, representatives of The Bank of New York, NY, USA presented to Sberbank, an award , for the achievement of high quality of the US Dollar payments routed through Sberbank's correspondent account at The Bank of New York during the year 2004.
As it was specifically pointed out at the presentation ceremony, with its STP rate permanently exceeding 98 p.c., Sberbank is now the undisputable leader amongst all Russian banks that maintain accounts with the Bank of New York.
Responding to the greetings from his US colleagues, Mr. Alexander Zakharov, Sberbank's Deputy Chairman of the Board, emphasised that this award was a natural result of serious investment that Sberbank had made in technologies and computerisation of its payment systems, and its aspiration to properly satisfy the customers' changeable requirements and needs.
In 2002 and 2004, The Bank of New York, Sberbank's main US Dollar clearing institution, also honoured Sberbank for high quality of payment formatting, exceptional STP rate and proper utilisation of other banking products with the awards for , and .
These international awards serve as an obvious recognition of Sberbank's success in improving quality of payment formatting, use of efficient settlement techniques and permanent attention to the needs and requirements of its customers.

Sberbank's Press Service

Photo: Mr. Alexander Zakharov, Sberbank's Deputy Chairman of the Board (right) is gratefully taking the Quality Recognition Award from the hands of Mr. Eric D. Kamback, Executive Vice President of the Bank of New York.

Sberbank's Press Service