LOCKO-Bank received “STP Award 2011”

VTB Bank (Deutschland) AG rewarded the LOCO-Bank for high quality of Euro client payments. In 2011 the automated commercial payments of VTB Bank (Deutschland) AG at LOCKO-Bank instructions reached 97,47%. The Bank was able demonstrate high quality of payments performance for the second year in a row thanks to efficient control system, experience and professional expertise of its employees. STP Award is an evidence of Bank's professionalism and compliance with the standards of payments formatting in the area of international settlements. Deutsche Bank confers an award to its correspondent banks selecting winners automatically.