"The Converse Bank prize was awarded for 99.93% of remittances without human intervention, an achievement that, thanks to efforts in the field of money transfers, the awarded institution managed to achieve an extremely high level of operational excellence," the Bank's statement reads.

This prestigious award indicates that the services provided by the Bank meet high international quality criteria. Money transfers are processed exclusively automatically, which ensures the maximum speed of receiving the transfer amount by the beneficiary.

"For us this is a double achievement, because in 2017 we managed to maintain the achieved high quality level simultaneously with significant quantitative growth of transfers through the SWIFT system," said Converse Bank CFO Grant Akopian.

The beginning of cooperation between the leading Belgian bank KBC Bank N.V. and Converse Bank was laid more than ten years ago. The history of cooperation between the two banks covers both correspondent relations and the sphere of trade finance, with each year steadily expanding the area of interaction.