15:04 (GMT +7) - Friday 24/05/2019

Banking & Finance

Ten local banks pick up Citi awards

Released at: 18:01, 08/05/2019 BUSINESS SPOTLIGHT

Ten local banks pick up Citi awards

Photo: Citi

Citi announces winners of Citi Excellent Straight Through Processing Awards 2018.

by Doanh Doanh

Citi has announced the winners of the Citi Excellent Straight Through Processing Awards 2018, which recognize client banks that have been meticulous in their efforts in international payment services.

“This award is proof of the increasing quality of Vietnamese banks’ operations in taking advantage of new technologies and standards,” said Mr. Pham Huu Hai, Corporate Banking Head of Citi Vietnam. “Citi is committed to investing in technology and global transaction banking infrastructure to help our clients transact in a faster and more efficient manner.”

Awards were presented to ten Vietnamese banks who had completed fund transfer transactions with a 90 per cent or more accuracy rate. The winners are:

1. Joint Stock Commercial Bank For Foreign Trade of Vietnam

2. Joint Stock Commercial Bank for Investment and Development of Vietnam

3. Vietnam Bank For Agriculture and Rural Development

4. Vietnam Joint Stock Commercial Bank For Industry and Trade

5. Vietnam Technological and Commercial Joint Stock Bank

6. Military Commercial Joint Stock Bank

7. Vietnam Prosperity Joint Stock Commercial Bank

8. Asia Commercial Joint Stock Bank

9. Sai Gon Thuong Tin Commercial Joint Stock Bank

10. Vietnam Export Import Commercial Joint Stock Bank

The Citi Excellent Straight Through Processing Awards have been held for 14 years and proven to be one of the most prestigious programs recognizing financial institutions and banks that have state-of-the-art international payment services with high-quality international transactions.

The awards ceremony was part of a seminar on Treasure and Payment, Global Trade, Compliance, Anti Money Laundering (AML) and Regulatory Changes, with the participation of senior executives from Citi Asia Pacific and Citi Vietnam. The seminar was also a channel for sharing experience and providing training in cash and trade products to bring maximum benefits to each and every bank participating.

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