22 November 2010
Bank Vozrozhdenie was awarded with “STP Award 2009. Excellent Quality” by one of the largest world’s banks Commerzbank AG for high quality of international settlements. The award was presented by Mr. Peter Petrik, the Deputy Head of the Representative office in Russia of Commerzbank AG. In 2009 Bank Vozrozhdenie settled about 800 payments every month thought Commerzbank AG to many countries of the world. At that 97% of payments fully complied with the STP rules what was one of the best indicator in Russia.
Bank Vozrozhdenie cooperates with the Commerzbank AG in the area of trade finance including confirmation and post financing of letters of credit, of issuance of bank guarantees and syndicated lans.
Besides, Bank Vozrozhdenie carries out payments in PLN through the Commerzbank AG subsidiary in Poland and actively cooperates with the Commerzbank AG subsidiary — ZAO “Commerzbank (Eurasia)” on the Russian money market.