OREANDA-NEWS. Commerzbank AG has awarded the Bank URALSIB distinctive sign for the exceptionally high quality of execution of payment orders in EURO at the end of 2013.

The level of automatic processing of payment documents on behalf of the Bank URALSIB in 2013 amounted to 100%, with an average global level of the specified coefficient of not more than 70%. During the ceremony, the Head of the Department correspondent relations Commerzbank AG Holger Kautsky presented the award to the Chief Executive officer business support Bank URALSIB Svetlana Bastrykin, thanked the Bank for the high quality of work and expressed confidence in further expansion of cooperation.

Accepting the award, Svetlana Bastrykin said: "The Cost of one payment with manual processing with the correspondent Bank in 4 times the cost of the payment of the last automatic processing. Automatic processing of payments also reduce the period of execution of payment documents on correspondent accounts and the period of transfer of funds to the Bank as the recipient of the funds, which positively affects customer satisfaction settlement Bank services". URALSIB

Bank for more than 10 years consistently holds a leading position in the world for the execution of payment documents in foreign currency that has a significant impact on the costs of the Bank for cash management services.