OREANDA-NEWS. On July 13, 2009 A delegation from Deutsche Bank, Germany presented their 2008 USD STP Excellence Award and 2008 EUR STP Excellence Award to Sberbank on the premises of its Central Head Office, reported the press-centre of Sberbank.

Deutsche Bank has awarded Sberbank for excellenсе in formatting payments routed in 2008 through Sberbank’s Nostro correspondent accounts in US Dollar and Euro with Deutsche Bank Trust Company Americas (USA) и Deutsche Bank AG (Germany) respectively.

At the ceremony, Deutsche Bank representatives noted that at present, taking into consideration the volatility in the global financial market, technologies make it possible to reduce costs and increase the employee efficiency. 

Having thanked Deutsche Bank officials for their high assessment, Ms. Olga Kanovich, Senior Vice-President of Sberbank, emphasized that the awards from one of the largest and most reputable financial institutions in the world were the best evidence that Sberbank had made the right choice rapidly modernising technologies of all business processes, including settlements and customer services.

In previous years, Deutsche Bank also distinguished Sberbank for high quality of payment formatting.

Deutsche Bank is one of the largest global provider of financial services, including commercial, investment and retail banking. Sberbank and Deutsche Bank enjoy long-standing cooperation in settlements, investments, treasury business and trade finance.