Finance

Commerzbank, Germany’s second largest bank, presented Ūkio bankas with the STP award. It is awarded for the excellent quality in processing international payment orders.

Ūkio bankas was evaluated by this award together with other world’s banks that make international payments through one of Europe’s most important banks.

In the words of Rolandas Balandis, Board member and head of the International Banking Division of Ūkio bankas, the award from such a large bank of Europe was earned for extremely accurate and consistent work of Ūkio bankas specialists, which predetermined the fact that 99 percent of the international payment orders, prepared and executed by Ūkio bankas, are subject to fully automated processing by the correspondents.

“The award given to Ūkio bankas means a high evaluation not only of our bank but also of the entire banking system of Lithuania as our bank was rated along with all banks of the world that execute payment orders through one of Europe’s largest banks. Ūkio bankas achievements demonstrate a perfectly harmonised operation of payment order processing. It is also a significant signal to the bank’s clients who can be sure of the proper execution of their international payment orders that reach the addressees in time,” Rolandas Balandis said.

As maintained by him, Commerzbank is one of Ūkio bankas most important correspondent banks in Europe and a big share of international payment orders of Ūkio bankas clients is performed through it.

As maintained by Šarūnas Kraujalis, director of Ūkio bankas International Payments Department, Ūkio bankas is among Lithuania’s most innovative banks in all areas of financial services. In his words, Ūkio bankas, in servicing its clients and introducing new products, aims to have all the processes automated to the maximum extent, thus ensuring the best possible conditions and service fees.