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ACLEDA Bank Receives 2008 Quality Recognition Award from Citibank

February 05, 2009

ACLEDA Bank, a leading commercial bank in Cambodia, was honored with the 2008 Quality Recognition Award by Citibank in recognition of its outstanding performance in efficient international funds transfers in US dollar clearing through ACLEDA Bank correspondent account with Citibank in New York, USA.

Currently, ACLEDA Bank's straight-through processing rate (STP) is 96.20% which enables fast and effective funds transfers' service of US dollar settlements.

The award took place in ACLEDA Bank Plc's Headquarters on February 05, 2009 and was signed by Ms. Vira-anong C. Phutrakul, Global Transaction Services Head and presented by Ms. Tipichar Khantanaphar, Vice President & Relationship Manager, Financial Institutions Group.

Receiving the 2008 Quality Recognition Award is a great honor for ACLEDA Bank which now has 412 correspondent banks in 52 countries.