LOCKO-Bank received “Relationship Award 2012”

Commerzbank AG has presented LOCKO Bank the Relationship Award 2012 in honor of excellent cooperation during 2012 year.

The award was granted to LOCKO Bank for successful business relationship on Trade finance and as a recognition of the high-level international payments quality in EUR conducted by the bank over the last year. Percentage of automatic processing (STP)* is 98% in customer payments and 100% in interbank payments.

* STP (Straight Through Processing) - A payment involving automatic processing technologies which reduces the cost, time of payment processing and settlement risk.