OREANDA-NEWS. June 08, 2009. Deutsche Bank AG, the leading global provider of clearing and settlement services, awarded DnB NORD Bankas for excellent quality of payment messages (2008 EUR Straight-Through Processing (STP) Excellence Award).

The recognition of excellence in STP from Deutsche Bank AG went to DnB NORD Bankas, a member of international financial group, for a third year running. High quality of the preparation and forwarding of the payment orders ensures the funds of the customer reach the beneficiary fast and safe.

“Congratulations and thank you for your excellence in STP. Deutsche Bank strongly values its long standing and productive relationship with DnB NORD Bankas, and we look forward to working together in 2009,” said Paul E. Camp, Managing Director of Global Transaction Unit in Deutsche Bank AG in a letter to DnB NORD Bankas.

Deutsche Bank AG is the main correspondent bank of DnB NORD Bankas for international settlements in Euro. About 70 percent of the total international transactions of DnB NORD Bankas customers in single European currency are performed through Deutsche Bank AG and this flow is increasing every year.

AB DnB NORD Bankas is part of DnB NORD banking group that was established by the Norway‘s largest bank DnB NOR and North Germany‘s largest bank NORD/LB. DnB NORD Bankas runs three subsidiaries in Lithuania: asset management firm UAB DnB NORD Investicijш Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas.