JP Morgan acknowledges PrivatBank as one of the best banks globally for payment processing quality

One of the largest American banks JP Morgan, on the basis of the results of 2015, has acknowledged PrivatBank as one of the best correspondent-banks for international payment quality and once again conferred the Ukrainian bank with the “Elite Quality Recognition Award”, given to the best banks globally.

JPM Award

According to JP Morgan, PrivatBank has been recognized as one of the best banks for payment performance quality for ten years in a row and once again confirmed its reputation as a financial institution which responds quickly to changes in the requirements of international payment operation registrations.

PrivatBank’s ranking within the «Elite Quality Recognition Award» has constantly increased, equaling 99.74% in 2015, affirming the outstanding level of automation and IT development in payment operations and compliance with international standards for funds transfer operations.

Since 1994, PrivatBank has steadily held the leading position in the banking market for international currency settlements for customers, both by the number of payments and by the quality of processing.