The Bank for Agriculture and Rural Development of Vietnam (Agribank) was honored to welcome a representative of The Bank of New York Mellon (BNY Mellon) - one of the world's leading prestigious payment banks - to work and present the 2024 straight Through Processing - STP Award to Agribank. This is the 16th consecutive time Agribank has been honored by BNY Mellon, affirming its international reputation and outstanding payment service quality.
BNY Mellon's Standard Power Rate Award is awarded annually to banks that achieve high rates of international automatic payment processing, meeting strict international standards on speed, accuracy and safety. Agribank's 16 consecutive years of winning this prestigious award demonstrates its steadfastness in its strategy of modernizing the system, standardizing professional processes and improving human resource capacity.
Not only is Agribank a bank with a nationwide network, it is also a strategic and reliable partner of many global financial institutions. This achievement once again affirms Agribank's position as the leading commercial bank in Vietnam, while enhancing the trust of domestic and foreign customers and partners in international payment services.
In the context of globalization, Agribank constantly strongly implements digital transformation strategies, invests in modernizing information technology infrastructure, and cooperates closely with major banks in the world to provide fast, safe and efficient services. At the same time, Agribank strictly complies with international standards on money laundering prevention and transaction safety, contributing to enhancing the reputation of the Vietnamese banking system in the global value chain.
The achievement of 16 consecutive years of receiving the STP Award from BNY Mellon not only recognizes Agribank's continuous efforts, but also demonstrates its perseverance, stability and professionalism for more than 1.5 decades. This is a strong source of motivation for Agribank to continue to promote its role as a key state-owned commercial bank, a pioneer in implementing national monetary policies and guidelines, while affirming its leading role in the international payment market in Vietnam.
The 2024 standard power ratio award from BNY Mellon is an important milestone, strengthening Agribank's position on the international financial map, worthy of the trust of millions of domestic and foreign customers and partners. Since the beginning of 2025, Agribank has received similar awards from other major partners such as: Wells Fargo Bank, Citibank.
