HSBC Honors Vietnam SeABank for Excellent Int’l Payment
Hong Kong and Shanghai Banking Corp (HSBC) has granted the Best Global Payments and Cash Management to Southeast Asia Commercial JS Bank (SeABank) for achieving the most excellent international settlement with the British lender in 2009.
This is the second time SeABank received such prestigious award from HSBC.
The award is to honor the effective operations of SeAbank in HSBC system with the Straight Through Processing (STP) ratio of 95%.
SeABank has established correspondent relationships with more than 200 banks worldwide and their branches in different countries.
The unlisted SeABank, which has a 20% stake owned by France’s Societe Generale, currently has a registered capital of VND5.068 trillion and is among top seven biggest commercial joint stock lenders in Vietnam in terms of capital base. (Seabank)
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