March 20th, 2012, Manama, Bahrain: Bahraini retail and commercial banking institution, BMI Bank announced that it had been awarded the prestigious J.P. Morgan Chase - Straight Through Processing (STP) Award for 2011. The 'best in class' award in recognition of a Bank's superior quality and consistent high performance in the area of international money transmissions, was presented to Eyad Sater, General Manager - support services at BMI Bank by Ali Moosa, Managing Director and Senior Country Officer at J.P. Morgan Chase at a ceremony held at the Bank's BWTC branch and attended by senior officials from both institutions.
Receiving the award, Eyad Sater, General Manager - support services of BMI Bank said:
"I am delighted to receive this award from our peers that recognizes our excellent STP rate of over 99% achieved in the diligent processing of payments. At BMI Bank, the importance of a smooth and error free STP system is integrated within our day to day operations to help enhance efficiency, reduce costs as well as to ensure the timely execution of payments.
This award reinforces our ongoing initiative of investing in our talents within the bank as we continue to build a stronger retail and commercial banking business. We would like to thank J.P. Morgan Chase Bank for honoring us with this prestigious award. We remain committed to delivering innovative products and services and will continue to invest in them to better serve our customers."
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About BMI Bank B.S.C. (c)
Bahraini retail and commercial banking institution, BMI Bank is a retail bank, registered in Bahrain and regulated by the Central Bank of Bahrain offering a full range of retail and commercial banking services. BMI Bank operates in Bahrain through a network of 8 branches and 30 ATMs with net banking for easy access to services.
BMI Bank also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI Bank owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain. BMI Bank's shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat.
BMI Bank currently offers its customers a range of retail products and services including savings and current accounts, Ayadi savings account, credit cards including Diners Club and La Carte, a co-branded credit card in partnership with Geant Hypermarket Bahrain, consumer and vehicle loans, mortgages and fixed deposits. In addition to Retail Banking, BMI Bank offers full Premier Banking, Private Banking, Wholesale Banking, Islamic Banking and Treasury services.
For further information, please contact:
Gordon Andrade
Head, Corporate Communications
BMI Bank - Bahrain
E-mail: gordon.andrade@bmibank.com
Cell: +97339782225
© Press Release 2012
