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· The award is presented to banks that meet highest global standards for automatic processing of international payments.
Muscat - In recognition of its outstanding performance in the execution of commercial and financial payments in U.S. Dollar, BankDhofar has received the 'Straight-Through-Processing (STP) Excellence Award' from CITI
The award was handed over to Mohammed Iqbal Al Balushi, AGM & Head of Operations & Support Services at BankDhofar, by Mohamed Al Hammadi, Vice President of Correspondent Banking Group at CITI, at BankDhofar Head Office in CBD area, and was attended by Abdul Hakeem Al Ojaili, BankDhofar's Acting CEO, Kamal Al Marazza, Chief Wholesale Banking Officer, Bashir Said Al Subhi, BankDhofar AGM & Head of Treasury and International Banking, Shaleen Chugh, AGM & Head of Corporate Banking, Saikumar Sukumaran, Head of Financial Institutions, and Cynthia Oueiss Assistant Vice President of Financial Institutions at CITI.
CITI presents the STP Award annually to banks and financial institutions that showcase exceptional quality and also meet the highest global standards for automatic processing of international payments in U.S. Dollar. For the second year in a row, BankDhofar was presented this recognition for automatic processing of international payments in U.S. Dollars. Earlier, the bank received the STP Award for financial payments in Euro by the Germany-based Commerzbank.
Upon receiving the award, Kamal Al Marazza, Chief Wholesale Banking Officer, said: "We are very delighted to receive such a prestigious award from a leading international bank, which recognises our focus on operational efficiency. We at BankDhofar are committed to offer best customers experience, and we work to ensure that our transfers are instant, economical and simple. That, for sure, makes banking with us more convenient, faster and easier."
Aspiring to be the best bank in the Gulf, BankDhofar has directed all its efforts and resources towards these objectives. Today it is considered one of the best banks in the region, catering for customers' needs and requirements, and setting the standards for the best customers experience within the banking industry in the Sultanate through creative solutions and innovation.
Visit BankDhofar official website (www.BankDhofar.com) to learn more about their convenient products and services, in addition to social media channels: Facebook (www.facebook.com/BankDhofar), Twitter (@BankDhofar), Instagram (www.instagram.com/BankDhofar).
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© Press Release 2016
