ISTANBUL - Bank of New York, one of the oldest banks of the United States, conferred Straight Through Procession (STP) Perfection award to Turkey's Garanti Bankasi because of its flawless transfers of dollar in 2005.
Releasing a statement, Garanti Bankasi recalled that the bank got STP Perfection Award from the Deutsche Bank in dollar and euro transfers and the same award from the Citibank and JP Morgan Chase in dollar transfer in 2005.