OREANDA-NEWS. July 12, 2007.  The representatives of Deutsche Bank AG, Germany distinguished Sberbank with "2006 EUR STP Excellence Award" and "2006 USD STP Excellence Award" in recognition of exceptional quality of payment messages channelled through Sberbank's correspondent accounts in US Dollars at Deutsche Bank Trust Company Americas, NYC, NY, and in Euro at Deutsche Bank AG, Frankfurt/Main, during the year 2006.

As it was specifically pointed out at the presentation ceremony, with the straight-through processing rate of 95.4 p.c. for EUR payments, Sberbank is the only Deutsche Bank's correspondent in Russia that managed to pass the critical point of 95 p.c. STP rate. In terms of US Dollar payments, Sberbank's STP rate has reached 99.3 p.c. which is one of the best results amongst all of Deutsche Bank's USD correspondents in the world.

In July 2006, Deutsche Bank AG also honoured Sberbank with a similar award for exceptional STP rate in US Dollars, and earlier this year Sberbank has been presented by Dresdner Bank AG, Germany with the analogous award "2006 Payment Quality Award", and by the Bank of New York, NY, with the award "In Recognition of Outstanding Payment Formatting and Overall Technical Performance 2006".

These international awards serve as an obvious recognition of Sberbank's success in improving quality of payment formatting, high rate of computerisation and permanent attention to the needs and requirements of its customers.