On November 26, 2019, Mr. Jason Clinton, CEO of JP Morgan - America's largest bank of Total Assets - awarded JP Morgan's Excellent International Payment Quality Award (2019 Elite Quality Recognition Award by JP Morgan) for Eximbank. This is an award recognizing Eximbank's Excellent Quality in the automatic processing of international payments (With the rate of international payments throughout 2019 of 99.26%) - This year is also the 6th consecutive year Eximbank is honored to receive this award from JP Morgan.
With 30 years of operation in the field of import and export financing, Eximbank, on the one hand, focuses on maintaining and managing relationships with correspondent banks and existing partners, on the other hand, aiming to proactively contact new partners. Eximbank has been expanding correspondent and credit relations with many foreign banks. International credit institutions as well as foreign banks have evaluated Eximbank's creditworthiness and are willing to provide or increase the limit on trade finance for Eximbank.
As a result, the credit limits provided by partners to Eximbank, as well as cooperation activities, professional support, information, training ... have been increasingly expanded to better meet the international transaction needs of Eximbank’s customer. In recent years, Eximbank has been awarded outstanding international payment quality awards from the world's leading banks such as JP Morgan Bank, Citibank, Bank of New York Mellon, Wells Fargo.
Mr. Nguyen Huong Minh - Deputy General Director of Eximbank received the award from Mr. Jason Clinton - Executive Director in charge of non-bank financial institutions in the Asia-Pacific region and JP Morgan Bank's Asean regional financial institution.
With the goal of always focusing on customers, Eximbank constantly improves the policy of International Payment and Trade Finance products on a diversified, modern platform and maximizes benefits for customers. In addition to traditional international payment products, Eximbank also designs specialized import and export financing packages for each customer group, each concentrated economic sector; providing consulting services for total solutions on International Payment and Trade Finance services to help customers save costs, improve their competitive advantage, prevent foreign exchange risks as well as risks in international commerce. Eximbank's international payment turnover in the first 10 months of 2019 increased by 10% compared to the same period last year. It is expected that by the end of 2019, the international payment revenue will increase by 15% compared to 2018.
Over the years, Eximbank has continuously improved, renewed its technology as well as improved the quality of customer service towards an international standard bank.
Therefore, this award is a recognition of a long-standing and prestigious foreign financial institution on the quality of Eximbank's automatic payment and affirms the quality of technology and the quality of automatic payment as well as the professional excellence of Eximbank's staff throughout the time.
"Criteria for approving awards are very strict, JP Morgan must establish an independent unit to analyze the data to give the most accurate and fair results. Therefore, Eximbank is very honored to receive the award from JP Morgan. This is from JP Morgan. We are committed to continuing to focus on the quality of our service not only in international payment but also in all areas where the bank is involved. "Eximbank representative - Mr. Nguyen Huong Minh said.
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