|18 may 2013Deutsche Bank Awarded Ukreximbank for Quality of International Settlements
Joint Stock Company The State Export-Import Bank of Ukraine (Ukreximbank) has received the Deutsche Bank AG Excellence Award for the exceptional quality of USD and EURO payment messages in 2012.
The STP Excellence Award was presented to Ukreximbank by Director of Global Transaction Banking of Deutsche Bank Tim Fyfe, during his regular visit to Kyiv. With constantly growing volumes of USD and EUR settlements, Ukreximbank maintains straight through processing rate at above 99%. In 2012 the straight through processing rate of Ukreximbank’s EUR and USD settlements through the account with Deutsche Bank, Frankfurt, was 99,56% and 99,80% correspondingly.
“As the volume of international trade constantly grows, the Bank pays more attention to its technology platforms and qualification of specialists involved in settlement processing - said Olga Alieksieieva, Member of the Board of Ukreximbank. - Together with our partners from Deutsche Bank, one of our main correspondent banks, we have introduced attractive cross-border settlement options and improved service quality, thus increasing both the total settlements and settlements through accounts with Deutsche Bank. Ukreximbank continues to provide output documents of consistently high quality as evidenced by the prestigious award."