Excellence in STP
NH Nonghyup Bank (President Kim Ju-ha) was selected as a top company in processing foreign currency remittances in 2014 and received the STP Excellence Award from HSBC, a leading financial global services company.
The STP Excellence Award is given to banks which have high straight through processing (STP) rates every year. The STP rate measures the speed and accuracy of financial institutions on overseas remittance processing, and the higher rate means more excellence in processing foreign exchange business.
NH Nonghyup Bank has won the STP Award from many prestigious global financial institutions. In particular, the bank won the award from HSBC for two years in a row.
NH Nonghyup Bank Vice President Yoon Dong-ki said, “We will do our utmost to educate our employees and provide follow-up remittance services in order to provide quick and accurate overseas remittance services.”