Home›Procurement News›Germany,Russian Federation : Sberbank Awarded for STP Excellence by Commerzbank AG, Germany
Procurement And Tender News
Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Germany,Russian Federation : Sberbank Awarded for STP Excellence by Commerzbank AG, Germany
Publish Date : 03-Oct-2012
A delegation of Commerzbank AG (Germany) presented Sberbank of Russia with an International STP Excellence Award for outstanding quality of formatting payments channeled through Sberbank\'s Euro correspondent account with Commerzbank AG, Frankfurt/Main in the year 2011.
The Award definitely serves as an obvious acknowledgement of the high quality payment processing standards implemented by Sberbank. In the course of 2011, over 98 per cent of Sberbank\'s commercial payments, were processed straight-through, without manual intervention. For several consecutive years, this exceptional achievement inspires our German colleagues to mark Sberbank\'s undisputed leadership among Russian and many foreign banks which maintain accounts with Commerzbank AG.
At the Award presentation Ceremony, Mr. Holger Kautsky, Managing Director, Financial Institutions, Commerzbank AG, extended his gratitude for high professional and competent level of Sberbank\'s employees, and expressed the hope that traditionally close business relationships between the two banks, will be developing steadily.
Sberbank is the largest bank of Russia that holds about 27% of the Russian banking assets and employs nearly 240,000 people. The Central Bank of Russian Federation is the founder and major shareholder of Sberbank. Other shares are held by more than 245,000 individual and institutional investors. The Bank has one of the largest networks in Russia: 17 territorial banks, about 19,000 branches as well as subsidiaries in Kazakhstan, Ukraine and Belarus, a branch in India, representative offices in Germany and China.
