SeABank honored an award of settlement qualities by Wells Fargo

The awarding ceremony witnessed the attendance of Mr. Đặng Bảo Khánh – SeABank’s Deputy General Director and Wells Fargo’s representative namely Mr. Nguyễn Thế Phong – Senior Deputy Chairman cum Vietnam Director.

Prior to this award by Wells Fargo, SeABank has been presented with other awards of international settlement qualities in 2009 by global leading banks named HSBC and Citibank, which affirms the settlement qualities as well as SeABank’s position in the system of Vietnam commercial banks. In addition, this is a motivation for SeABank to unceasingly move forward to bring customers the best financial products and services. 

International payment services provided by SeABank have always been highly appreciated by customers in terms of both reputation and quality with the STP rate of more than 95%. SeABank has now been establishing correspondent relationships with over 200 banks worldwide and their branches in different countries. Moreover, SeABank, through the worldwide banking network of Société Générale (the foreign strategic shareholder owning 20% of SeABank’s charter capital), unceasingly enhances the quality and expands its international settlement network globally..

High Straight-Through Rate for Payment Processing is annually awarded by Wells Fargo to honor banks with best performance of payment processing in accordance with the standards of SWIFT. Thanks to the high STP rate, Wells Fargo may quickly process the telegraphs and therefore reduce time and expenses. It also facilitates the beneficiaries to receive money much sooner.