Banks, EU – Baltic States, Financial Services, Good for Business, Lithuania

STP Award is granted to banks when more than 97% of the international payment orders submitted to Commerzbank are subject to fully automated processing, i.e. they shouldn't be corrected manually.

Senior Representative of Commerzbank AG in Riga Robert Schoepf, granting the award, emphasised the high level of professionalism of Siauliu Bankas' staff in execution of payments in euros and wished to continue maintaining such a high level of services provided by the bank.

"The fact that we managed to deserve such an award for 2013, when Siauliu Bankas faced many challenges and the numbers of international payment order increased almost by 50 per cent in comparison with of 2012, is the result of accurate and responsible performance," says Vilija Meskauskiene, Director of Financial Institutions and Settlement Department of Siauliu Bankas.