OREANDA-NEWS. November 10, 2010. Vnesheconombank has been awarded Annual EUR STP Excellence Award for high quality of payment formatting in 2009 by Deutsche Bank AG, Frankfurt-am- Main, the leading financial institution in Germany.

Such awards are presented by the largest European banks to their correspondents for high quality of payment formatting, which makes it possible to maximize the amount of payments made without teller intervention.

In 2009, Vnesheconombank made 99.8% percent of its payments in an automatic mode.

The fact that Vnesheconombank was awarded Annual EUR STP Excellence Award testifies to the Bank’s excellence in improving the quality of payment formatting on a constant basis and in upgrading IT technologies.

Deutsche Bank AG, Frankfurt-am-Main is the oldest bank in Germany. Vnesheconombank has for many years been cooperating closely with Deutsche Bank AG in various lines of activity including payment, monetary-financial and credit transactions as well as transactions on the capital market.