BNK Busan Bank Wins '2023 STP Excellence Award' Selected by HSBC

Outstanding Work Efficiency and Competitiveness in Overseas Remittance Services Recognized

BNK Busan Bank (President: Bang Seongbin) has been selected as the top institution for automated foreign currency remittance processing in 2023 by the global financial institution HSBC, receiving the 'STP Excellence Award'.

BNK Busan Bank Receives '2023 STP Excellence Award' Selected by HSBC.

The 'STP Excellence Award' is presented annually to banks with outstanding 'Straight Through Processing (STP) Rate' for overseas remittance, which is evaluated based on the speed and accuracy of processing international remittances.

A higher STP Rate indicates superior operational capability and competitiveness in overseas remittance services for the bank.

Since 2001, Busan Bank has consistently received the 'STP Excellence Award' not only from HSBC but also from other global financial institutions such as Bank of America, BNY Mellon, and Commerzbank.

Son Daejin, Head of Customer Planning Division at Busan Bank, said, "Receiving the 'STP Excellence Award' means that Busan Bank's foreign currency remittance processing capability is recognized worldwide," adding, "We will continue to invest in nurturing highly skilled foreign exchange experts and providing advanced remittance systems to achieve greater customer satisfaction."

This content was produced with the assistance of AI translation services.