Sberbank Kazakhstan receives prestigious award from Citibank N.A.
/KASE, November 11, 2019/ – Subsidiary Bank Sberbank of Russia (Almaty), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided the
KASE with the following press release dated November 11, 2019:
One of the largest banks in the world, Citibank N.A., annually notes the best
banks in various countries for the high quality of processing of payments and
At the end of 2018 Sberbank Kazakhstan became the holder of the prestigious
Straight Through Processing Excellence Award for its high level of automation
(STP) at maintaining payments of the Bank by Citibank last year.
One of the main criteria for the award is the high quality of payments made by
Kazakhstan financial institution in accordance with international standards,
which allows the correspondent bank to process them automatically.
In 2018 the STP share reached 97% in terms of interbank payments and 95% in terms
of payments of the Bank's clients, which significantly accelerated the processing
of payments and created extremely comfortable conditions for clients and partners
of Sberbank Kazakhstan.
This is not the first time that Sberbank Kazakhstan has received recognition
from a global leader in the financial sector; the Citibank Award for a high level
of automation of payments in USD and EUR was awarded to Kazakhstan bank for the