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Center-invest Bank Wins Prestigious Commerzbank Award for International Payments

Center-invest Bank has won a prestigious Relationship Award 2014 from Commerzbank AG for the high quality of its payments and its successful cooperation with the German bank.

Center-invest Bank has once again been one of the best performing Russian financial and lending institutions in terms of the quality of payment processing: more than 99% of the bank’s commercial payments do not require manual processing. Therefore, almost all of the customer payments made by Center-invest Bank to Commerzbank are processed automatically, within one minute.

The high quality of payment processing affects the speed of payments and the cost to our customers, and this is undoubtedly an advantage when making international payments,” said Alexander Kovalenko, head of Center-invest Bank’s Treasury. “This is the second time that Center-invest Bank has won this award and it reaffirms our status as the leading bank in southern Russia. The transaction business is just one part of effective collaboration with foreign partner banks; our performance in this area promotes active cooperation with our partners across the whole line of banking products. This includes using letters of credit with foreign banks, and issuing guarantees in favour of foreign and Russian counterparties.”

The Relationship Award 2014 is a sign of the bank’s professionalism and its compliance with high international standards for international payments.