On September 17, 2020, The Bank of New York Mellon (BNY Mellon) presented the “STP award 2019” in recognition of Agribank's outstanding payment formatting and straight-through rate. The award is a recognition of Agribank's international standard service quality in the past year, and demonstrating Agribank's trustworthiness that customers trust on.

This is the 11th consecutive year that Agribank has received this award from BNY Mellon. The high straight through payment (STP) rate is a testament to Agribank dedication towards achieving high operational standards in the international payments sphere, helping to save costs and reduce risks for customers. Agribank was once again presented with the award is a recognition and affirmation of Agribank's brand and service quality in international markets, especially in international payment activities.

BNY Mellon Bank is a prestigious, long-standing and the 10th biggest bank in the US in terms of total assets. It is also a leading global custody and asset management provider in the world. Agribank and BNY Mellon have had a good and effective cooperation relationship since 1994. Currently, Agribank has correspondent relationship with the headquarters and 6 branches of BNY Mellon worldwide.

In recent years, Agribank has continuously received many prestigious awards from the world's leading banks such as Wells Fargo (Operational Excellence Award); JPMorgan Chase, Citibank, Standard Chartered Bank (for its excellent performance in achieving the highest STP rates.) With the excellent payment service quality recognized from the world's leading major banks, Agribank is committed to always providing the highest level of payment services and top support to customers.

Kylie Nguyen