OREANDA-NEWS. September 14, 2010. TransCreditBank has received STP Award 2009 Excellent Quality of Commerzbank AG in recognition of its high quality Straight-Through-Processing (STP) of Euro commercial payments and financial transactions. At the award ceremony, Commerzbank representatives highlighted TransCreditBank’s performance in international electronic payments operations that was among the best among correspondent banks in Russia, with STP rate of 94%.

TransCreditBank received the award for the second consecutive year.

Commerzbank AG, established in 1870, is one of the oldest commercial banks in Europe. It is the second largest German bank by assets and the leading bank by the volume of financing provided to German foreign trade companies. It also has the largest branch network in Germany. Commerzbank AG is a partner of TransCreditBank in settlements, syndicated loans and trade finance operations.