Šiaulių bankas won the STP AWARD for the second time in turn


Šiauliu bankas has been presented with the „Straight-Through Processing Award 2012“ granted by the Germany’s bank Commerzbank  for the second year in turn for the excellent quality of processing international payment orders.

"This award obliges us to put even more efforts and to improve faster. We are pleased that our daily works are so highly evaluated by the international institutions. It encourages us not only to maintain the excellent quality of processing international payment orders but also to continue getting interested in various aspects which would allow us  improving the finance management processes", - says Vilija Meškauskienė, Director of Financial Institutions and Settlement Department of Šiaulių bankas.

„STP Award“ is presented when more than 97 percent of the international payment orders submitted to Commerzbank are subject to fully automated processing and shouldn't be corrected manually. The award is granted for the previous year when all statistics is collected and summarized in the headquarters of the Commerzbank in Frankfurt. 

The Germany’s bank Commerzbank collaborates with several thousand of the correspondent banks worldwide.