OREANDA-NEWS. December 30, 2013. For two consecutive years now JSC "Belagroprombank" has been honored with the Award of Commerzbank AG for achieving the highest quality of formatting payments channeled through Belagroprombank’s correspondent accounts held with German bank.

The Award was presented by Head of Financial Institutions of Commerzbank AG Mr. Per Fischer to the Deputy Chairman of the Board of JSC “Belagroprombank” Mr. Siarhei P. Chuhai during the meeting which was held.

Representatives of Commerzbank AG pointed out that the execution in the automatic mode of 99.9% from the total volume of payments for such a large financial institution as JSC "Belagroprombank" is exclusively good result. Furthermore, it was emphasized that the quality of international payments processing can reduce the cost and increase the speed of settlements performed by the bank.

Within the cooperation between JSC “Belagroprombank” and Commerzbank AG three correspondent Nostro accounts are opened – in euro as well as in other currencies. Commerzbank AG is the main euro correspondent bank for JSC "Belagroprombank".

Information: Commerzbank AG is the second largest bank in Germany and one of the major clearing banks in Europe. Commerzbank AG has about 60 units in more than 50 countries and serves approximately 15 million private and 1 million corporate customers around the world. Commerzbank AG has a global network with more than 5,000 correspondent banks all over the world.