PSB receives J.P. Morgan Chase awards02.11 | 2011
PSB received the J.P. Morgan Chase (New York) 2011 Elite Quality Recognition Award for Outstanding Achievement of Best-in-Class MT103 STP Rate 99.14%. The award recognizes PSB excellence in automatic payment processing. Elite Quality Recognition Award is attributed exclusively to correspondent banks with the level of automatic payment processing above 99%. The prestigious award reflects a high degree of PSB professionalism. In addition, PSB received the J.P. Morgan Quality Recognition Award for Outstanding Achievement of 2011 Best-in-Class Book Transfer Rate, recognizing high quality of processing of bank transfers in favor of J.P. Morgan and its customers. In an environment where transaction costs are an important issue, quality and speed of direct settlements are critical components of successful cooperation between banks. Established in 2011, the award has been attributed for the first time. PSB won other awards in the area of international payments in the past. Our broad network of correspondent accounts and partnerships with first-rank foreign banks have been invariably translating into high quality of our banking services supporting customer foreign trade operations, as well as a strong degree of payment reliability.
About Promsvyazbank OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 485 bn and total capital of RUB 59.7 bn under IFRS as of 1 July 2011. Holding company Promsvyaz Capital B. V. owns 72.93% of the Bank; Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG, has a 15.32% stake; and the European Bank for Reconstruction and Development owns the remaining 11.75%. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “BB-” from Fitch Ratings. As at 1 October 2011, PSB had a network of about 260 points of sale in Russia, as well as an overseas branch in Cyprus, and representative offices in China, India and Ukraine. http://eng.psbank.ru/  |
© 2009 