JSC Bank “PSCB” receives award from Raiffeisen Bank International AG

Every year JSC Bank “PSCB” (PSCB) receives awards from its foreign correspondent banks for high quality of its customer remittances.

This year PSCB has been selected for the prestigious «STP Award 2016» by Raiffeisen Bank International AG.

The award is a recognition of operational excellence of PSCB in processing international transactions in compliance with rules on Straight Through Processing (STP). That means that the entire process for payment transactions is conducted automatically without the need for manual intervention and the speed at which transactions are processed is maximized.

Vladimir Leonidovich Pribytkin, Chairman of the Board of Directors, said: “We highly commend the recognition among our partners. A good start to the work in the first half of 2016 offers a great incentive for further improving transactions handling processes and thus providing superior service to our customers.”