Agribank honored to receive the "Excellent International Payment Quality 2024" award from JPMorgan

On the morning of November 27, 2024, Agribank was honored to receive the “2024 USD Clearing Elite Quality Recognition Award” from JPMorgan Bank, USA. This award is a testament to Agribank's capacity and continuous development in the field of international payments, while affirming the bank's leading position in the global financial market.

The International Payment Excellence Award is presented annually by JPMorgan to financial institutions worldwide that achieve a high Straight-Through Processing (STP) rate (over 99%), an important indicator of efficiency, accuracy and quality in international payment transactions. Agribank's excellent STP rate not only demonstrates its commitment to providing superior service to customers but also affirms its strict compliance with international banking standards. Receiving the award from JPMorgan is not only a recognition of current successes but also a motivation for Agribank and JPMorgan to continue to cooperate, seek innovative solutions to promote two-way trade payments and increase value for customers.

Deputy General Director Doan Ngoc Luu on behalf of Agribank received the award from JPMorgan Bank

As a bank with many years of experience in the field of international payments, Agribank constantly improves service quality through improving operational capacity and applying advanced information technology. This allows the bank to serve customers with the fastest processing time and lowest cost, thereby improving customer experience and increasing satisfaction.

Being honored by prestigious international organizations demonstrates Agribank's relentless efforts to improve service quality and meet strict international standards. The award is also a testament to the bank's sustainable development and commitment to accompanying customers and partners on their development journey. In the coming time, Agribank is committed to continuing to innovate and improve the system, not only to maintain its leading position but also to contribute to raising the position of the Vietnamese banking industry in the international market.

2024 is a year that marks many outstanding achievements of Agribank in the international arena. The bank has continuously received prestigious awards such as: Top 50 largest enterprises in Southeast Asia and leading the Vietnamese commercial banking system according to the Fortune Southeast Asia 500 rankings; Top 5 Vietnamese banks with the highest brand value in 2024 according to the Brand Finance Banking 500 rankings. Agribank continues to be rated by international credit rating organizations such as Moodys' and Fitch Ratings at a rating equal to Vietnam's national rating ceiling and is the highest rating among Vietnamese banks.

Source: https://www.agribank.com.vn/vn/ve-agribank/tin-tuc-su-kien/tin-ve-agribank/hoat-dong-agribank/agribank-vinh-du-nhan-giai-thuong-chat-luong-thanh-toan-quoc-te-xuat-sac-nam-2024-tu-jpmorgan