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BBK has been awarded the 2016 Elite Quality Recognition award by JP Morgan Chase, in recognition of the Bank’s outstanding performance of achievements in best in class MT103 STP Rate 98.80%. This is the seventh consecutive year that BBK has qualified for The JP Morgan Quality Recognition award and with Elite status since 2014.
Mr. Ali Moosa, , Managing Director – Region Executive for MENAT, presented the award to Dr. A.Rahman Saif, General Manager, wholesale banking group and Mr. Rashad Akbari, Assistant General Manager of Operations at BBK Head Office on October 25th.
STP is the automated process of payments without manual intervention which increases processing speed, minimises routing errors, lowers operations and transaction costs while resulting in efficient, rapid payment execution and credit for the bank and the customers it serves. This award is presented to leading financial institutions which have state-of-the-art STP electronic payment services and meet JP Morgan’s stringent processing accuracy criteria. This year, less than 1% of JP Morgan’s total funds transfer clients qualified for this award.
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About BBK
BBK has been the pioneer in Commercial Banking for 46 years in the Kingdom of Bahrain. As a revolutionary market leader, BBK has built a name and reputation which is respected locally as well as internationally. To maintain this reputation, BBK has been at the forefront, incorporating the latest technologies to provide the finest services. One example of which is the e-banking solutions offered by BBK, which provide new generation services through its user friendly award winning website www.bbkonline.com, along with the telebanking, cash depository machines and automated teller machines services. BBK is proud to be honored for its Corporate Governance by the “Hawkamah” Institute for the 4th consecutive year. This award has become a prestigious, competitive and highly coveted bank award that highlights the industry’s strong commitment to good corporate governance. Aside from many industry related awards, BBK is ISO 27001 & ISO 22301 certified for its Information Security Management System (ISMS) and Business Continuity Management System (BCMS).
For Media Enquiries, you may contact:
A.Rahman Danish
Corporate Communications Specialist
Corporate Communications Department
BBK
P.O. Box 597
Kingdom of Bahrain
Tel: 17207240
Fax: 17215587
email: a.rahman.danish@bbkonline.com
Website : www.bbkonline.com
© Press Release 2016
