SeABank honored with “Excellent International Settlement Award” by CitiBank

Mr Đặng Bảo Khánh - Deputy General Director of SeABank received award from Citibank's agent

Citi Straight Through Processing (STP) Award Program is annually organized to honor banks with state-of-the-art international settlement services on the basis of the STP rate, a rate assigned for accuracy in electronic transfers, of 90% onwards.

International settlement services provided by SeABank have always been appreciated by customers in terms of 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.

In addition to awards by Citibank, SeABank’s international settlement services have been honored with similar awards by HSBC and WellsFargo since 2007.