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SeABank honored with “Excellent International Settlement Award” by CitiBank

icon calendar01/06/2010

On May 21st 2010 in Nha Trang, Southeast Asia Joint Stock Commercial Bank (SeABank) was awarded the “Bank with Excellent Performance in International Settlement 2009” by Citibank for the 2nd consecutive year.

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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.

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