Paris, 4 October 2004

14 more participants admitted to EBA STEP2

In November 2004, 14 more banks from across the EU Member States will connect to STEP2 as Direct Participants. The decision concerning their admittance was taken at a Board meeting on 30th September 2004. The newly admitted banks are:

Aktia Savings Bank Finland
Banca Popolare di Vicenza Italy
Banco Totta & Acores Portugal
Bank of Cyprus Cyprus 
Bank of Slovenia Slovenia
Citibank N.A. UK 
Credito Emiliano  Italy
De Nederlandsche Bank  Netherlands
Eesti Uhispank  Estonia
ICCREA Italy  
Sampo Bank Finland 
Société Marseillaise de Crédit France
Spar Nord Bank A/S Denmark
Unibanka A.S. Latvia

This will bring the total number of Direct Participants in STEP2 to 81 by year-end. Furthermore, STEP2 accounts for over 1300 Indirect Participants, who use a Direct Participant to connect to the system.

Today, the STEP2 system processes on average 110,000 payments per day with peak days of over 200,000 transactions. STEP2 is now widely recognised as the Pan-European Automated Clearing House (PE-ACH), since it can provide for payment distribution to all banks operating in the EU15.