Hanoi (VNA) – TheSaigon-Hanoi Commercial Joint Stock Bank (SHB) has received the StraightThrough Processing (STP) Award 2016 from the Bank of New York Mellon (BNYMellon) for the seventh time.
The STP Award is organised annually to honour banks with international payment services higher than 95 percent, based on STP standards.
Arnon Goldstein, Managing Director and Head of Sales & Relationship Management, Treasury Services, for Asia Pacific at BNY Mellon, said the US bank highly values the capacity of the SHB and hopes to continue presenting the STP award to the bank in the coming years.
BNYMellon is the 10th biggest bank in the US and the 73rd in theworld with a total asset of 333 billion USD.
Apart from STPaward, SHB has won other international awards such as “Best InternetBank”, “Best Deposit Service” and “Best SME Bank” in Vietnam in 2016.-VNA