On April 24, 2019, Vietnam Import-Export Commercial Joint Stock Bank (Eximbank) was honored to be awarded the "Excellent International Payment" award (STP Award) by Citibank thanks to its high electricity rate meeting STP standards and generation rate. low birth control.
Citibank's High Quality International Payment Awards Program (Citi Straight Through Processing - STP) is held annually to honor quality banks that perform International Payment transactions based on execution rate. Professional success with an accuracy level of 90% or more. This award is also a recognition of the quality of technology, the quality of automatic payment implementation as well as the professional excellence of Eximbank's staff during the past year.

Mr. Nguyen Huong Minh - Deputy General Director of Eximbank (middle) received this award from Citibank representative - Mr. Tawal (Tony) Chaikwang - Director, Regional Sales Head, Citi Treasury & Transaction Services (left) and Mr. Jared Mecham, Director, Treasury & Trade Solutions Head, Citibank, Vietnam (right)

This is the 9th consecutive year that Eximbank's international payment quality has been highly appreciated by leading prestigious international correspondent banks such as Citibank, Wells Fargo, Bank of New York Mellon, Standard Charter Bank, etc. With a high standard electricity rate of over 90%, specifically, Eximbank's standard electricity rate at Citibank is always over 95%. When standard international payment messages pass through Citibank's system, the payment messages are immediately processed and transferred to the recipient's bank in less than 1 minute. From 2015 to 2019, Eximbank's STP ratio at BNY Mellon reached over 97%, HSBC was 99% and JPMorgan Chase was 98%.
"We are very honored to be evaluated by Citibank as one of the banks with effective international payment activities, meeting high standards. Towards an international standard bank, we are committed to continuing to improve service quality and improve international payment processing processes to bring more direct benefits to customers and partners," Mr. Nguyen Huong Minh shared.
With many years of experience in the field of international payments through more than 30 years of operation, Eximbank is always considered one of the financial institutions with strong growth in providing reputable products and services. Credibility and quality based on modern information technology to serve the community. Eximbank wishes to bring increasingly better service quality to customers and shorten time with the lowest cost. We continue to constantly improve our operations and technology quality to create more benefits for businesses and customers, realizing expectations for the future.