Eximbank's announcement


Eximbank received the 2017 Excellence in International Payment Quality award

On July 9, 2018, Bank of New York Mellon (BNYM) - USA awarded the 2017 High Throughput Power Rate (STP) award to Eximbank.
At the award ceremony, Mr. Nguyen Ho Hoang Vu - Deputy General Director and Chief Financial Officer of Eximbank received the STP Award from BNY Mellon bank leader, Mr. Arnon Goldstein - Director of Relationships and Sales South Asia Pacific region and Ms. Sharon Quek - Director, Regional Manager, Financial Institutions Relationship Management Department.

STP Award is an annual award based on the quality of international payment electricity, given by major international banks to agent banks that have nostro accounts at them. Eximbank is currently one of the few banks in Vietnam to receive this award for 8 consecutive years not only from BNYM but also from many other large international banks with a high rate of seamless payments. Eximbank's STP ratio at BNYM in 2015, 2016 and 2017 all reached over 97%. (In addition, Eximbank's average STP ratio at other banks such as HSBC is 99%, JPMorgan Chase is 98.89%,... ).The award is recognition and appreciation of BNYM in particular and of the international banking community in general for the efficiency, professionalism, caution and high level of expertise of its staff. Eximbank has been operating for a long time in the field of international payments. On the other hand, it also shows active professional support from agent banks for Eximbank.

With the achievements of cooperation over the past 20 years, the two banks hope to further develop the bilateral relationship to bring the highest benefits to customers.
BNY Mellon Corporation is a global banking and financial services group established on July 1, 2007 from the merger of The Bank of New York and Mellon Financial Corporation. This is one of three oldest banking corporations in the US, formerly known as Bank of New York, founded in 1784 by Aaron Burr and Alexander Hamilton (also two of the founders of the United States). As of December 31, 2017, BNYM had more than 371 billion USD in total assets and was in the top 100 largest banks in the world.
STP – Straight Through Processing or Straight Through Payment Processing is a term used to refer to a payment process that is electronically entered and transmitted seamlessly from the remitting bank to the beneficiary bank without There is no manual intervention at any point in the payment process.

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