OREANDA-NEWS. August 05, 2010. Tsesnabank (Astana), securities of which are listed in Kazakhstan Stock Exchange (KASE), informed KASE that Tsesnabank received awards of Citigroup and Commerzbank AG for correspondent relations and high quality payments, reported the press-centre of KASE.

Tsesnabank was honoured with the 2009/2010 Quality Recognition Award by Citigroup Global Transaction Services, a business unit of Citigroup, as a Valued Partner in Correspondent Banking. Citibank is one of the key correspondent banks of Tsesnabank for US dollar settlements. The Quality Recognition Award is a prestigious award developed by Citigroup Global Transaction Services and is presented to leading financial institutions around the world, which meet the award's strict correspondent banking criteria. Citigroup, the leading global financial services company, does business in more than 140 countries.

Commerzbank AG honored Tsesnabank with the STP Award 2009 high quality of payments sent through Tsesnabank correspondent account with Commerzbank AG (Frankfurt, Germany). Commerzbank, is one of the largest banks in Europe and the key correspondent banks of Tsesnabank for euro settlements.

The above international awards evidence Tsesnabank's high level of customer servicing, successful performance in correspondent banking, enhanced quality of settlements and use of efficient settlement facilities.