Citibank New York has chosen QIIB for ‘Excellence in Straight Through Processing (STP) Award’ which was handed over at a ceremony held at the bank’s headquarters in the presence of bank chief executive officer, Dr Abdulbasit Ahmad al-Shaibei and Citibank Qatar CEO Amir Khan.
QIIB deputy CEO Jamal Abdullah al-Jamal received the award, which is granted to banks that achieve exceptional performance in foreign payments.
The ceremony was also attended by Georges Hobeika, QIIB chief operating officer, Mohamed Ghiyath Sheikhah, QIIB chief (Treasury and Investment), Omar al-Meer, QIIB head (Development), Sayed Assem Mahmoud, QIIB head (Banking Operations) as well as Mohsin al-Mahdi, director (Correspondent Banking Group), Citibank Bahrain, John Ladani, head (Markets Affairs) and Mohtashem al-Haq, assistant director, Citibank Qatar.
On the occasion, al-Jamal said, “We are pleased to receive this ‘Excellence in Straight Through Processing (STP) Award’ from Citibank New York, which recognises QIIB’s technological competency and high efficiency in managing its foreign operations as per the best international standards”. He noted, “Banks’ foreign payment operations are extremely important as they require accuracy and professionalism so as to guarantee the direct transfer of money without manual interference and the delivery thereof to beneficiaries in the most appropriate manner and at the right time, free from any error or delays”.
“We praise the partnership and long relationship between our bank and Citibank.
We hope to further enhance this co-operation in the upcoming period in order to best serve our customers and meet their needs as well as improve the business environment in the countries where QIIB and Citibank operate,” he added.
On his part, Khan said, “This award truly reflects the exceptional level reached by QIIB in ‘Straight Through Processing’ as the bank manages these operations according to the best international standards”.
He further said, “We are satisfied with the business relationship and partnership that we have with QIIB and hope to further enhance it so as to serve the interests of both the banks, customers and the business environment in which we operate”.
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