HO CHI MINH CITY, VIETNAM – Media OutReach – 26 November 2020 – For its nearly 100 per cent success price in straight-through processing, the Ho Chi Minh Metropolis Growth
Joint Stock Business Bank (HDBank, HOSE: HDB) has obtained the MT202 and MT103 STP awards for worldwide fee companies from
J.P. Morgan Chase Bank.
That is the third yr in a row HDBank has
gained the MT202 award, and the second yr the Bank has obtained the MT 103 award.
Each are given by J.P Morgan Chase Bank,
the US’s largest lender by way of belongings and the world’s largest US greenback
clearing agent.
HDBank’s STP charges exceed the benchmarks
set by international credit score establishments.
In response to JP Morgan
Chase and different giant establishments and brokers offering clearing companies within the
dollar and euro, the STP price for worldwide digital fee is
presently 89-90 per cent on common.
With an distinctive STP
price of 99.94 per cent for MT202 and 99.68 per cent for MT103, HDBank was one
of the few Vietnamese banks to win the highest prize.
This underlines the
status and high quality of HDBank’s worldwide fee companies with its fashionable
expertise platform and workers’ skilled competence in assembly the
monetary transaction wants of shoppers all over the world.
In response to JP Morgan
Chase, HDBank is its main banking companion in Việt Nam by way of each measurement
and high quality of worldwide fee companies.
HDBank’s enterprise efficiency by the JP Morgan Chase
system has continued to thrive even amid the challenges confronted by the worldwide and
Vietnamese economies as a result of impacts of Covid-19.
With its relationships
with greater than 400 brokers who’re banking establishments and strategic co-operation
with many main Vietnamese and worldwide companions, HDBank has intensive
worldwide fee operations and the Bank’s worldwide fee companies
high quality is recognised additionally by different main lenders.
HDBank can also be a
pioneer in bringing efficient added value to prospects across the globe by
investing in and utilizing fashionable applied sciences within the bank’s companies and merchandise,
particularly worldwide fee companies, digitising processes, assembly
administration necessities in accordance with worldwide requirements, and continuously
enhancing operational effectivity with a dedication to bringing the utmost
advantages to prospects.
HDBank grew to become the primary
lender in Việt Nam to hitch the TradeAssets Commerce Finance E-marketplace to
join with and course of commerce finance transactions on the blockchain
utility platform, and Contour, an open commerce finance community.
HDBank
additionally deploys the worldwide fee question service through Swift GPI and is a pioneer in offering worldwide cash switch
question companies through Swift GPI in numerous currencies like USD,
GBP, EUR, CHF, AUD, CAD, JPY, THB, NZD, HKD, and SGD.
At
the identical time the Bank has efficiently put into operation the Treasury – FIS
Entrance Area system to seamlessly meet the necessities concerned in dealing with
enterprise transactions and managing forex buying and selling dangers.
Along with retaining the main place
in digitisation within the banking sector, HDBank stays on a excessive progress path in
the third quarter of the yr.
Moody’s credit standing company has maintained a
credit standing of B1 for HDBank.
About HDBank
Ho Chi Minh
Metropolis Growth JSC Bank (HDBank, HOSE: HDB) was established in 1990, making
it among the many first business banks in Vietnam.
After 30 years
of operations, HDBank is now one of many main banks in
Vietnam. It has sturdy funds and fashionable
expertise, and gives a variety of economic
companies to people, corporates and buyers.
