Transactions at Saigon-Hanoi Commercial Joint Stock Bank (Source: SHB)

Hanoi (VNA) –
The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has received the Straight Through Processing (STP) Award 2016 from the Bank of New York Mellon (BNY Mellon) for the seventh time.

The STP Award is organised annually to honour banks with international payment services higher than 95 percent, based on STP standards.

Arnon Goldstein, Managing Director and Head of Sales & Relationship Management, Treasury Services, for Asia Pacific at BNY Mellon, said the US bank highly values the capacity of the SHB and hopes to continue presenting the STP award to the bank in the coming years.

BNY Mellon is the 10th biggest bank in the US and the 73rd in the world with a total asset of 333 billion USD.

Apart from STP award, SHB has won other international awards such as “Best Internet Bank”, “Best Deposit Service” and “Best SME Bank” in Vietnam in 2016.-VNA