Bank of Bahrain and Kuwait (BBK) has been honoured with the ‘Elite Quality Recognition’ award by JP Morgan Bank, noting its exceptional performance in ‘Straight Through Processing (STP)’ for customers and financial institutions’ transfers during the year 2022.
This accolade also acknowledges the bank’s outstanding operational performance and efficiency in the field of financial transfers in general.
BBK Group chief executive Dr AbdulRahman Saif was presented with the prestigious award by JP Morgan executive director for Mena sales and client relationship management Abdulla Aljanahi during a special ceremony held at BBK headquarters.
The Bahrain-based bank has attained an exceptional level of MT103 direct processing, adding these achievements to its track-record of accomplishments and reaffirming its positioning as a prestigious financial institution in the kingdom and the wider Mena region.
The award clearly affirms the unwavering commitment of the bank’s team to continuously strive for operational excellence and deliver top-notch services.
Dr Saif said: “We are honoured to receive this esteemed accolade, which recognises our outstanding work in efficiently processing remittances for our customers. It highlights our commitment to meeting JP Morgan’s rigorous standards for performance and proficiency in direct processing.
“This achievement is a source of great pride for us and reinforces our dedication to delivering excellent service while adhering to industry-leading practices.”
Mr Aljanahi said: “I am delighted to extend my heartfelt congratulations to BBK for receiving this esteemed recognition. This well-deserved accolade is a result of the bank’s exceptional performance in processing transfers throughout 2022. We commend BBK for its dedication and commitment to achieving the highest standards of quality, setting an exemplary benchmark for other financial institutions in Bahrain.”
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