TDT | Manama The Daily Tribune – www.newsofbahrain.com Email: mail@newsobahrain.com The National Bank of Bahrain (NBB) has received the 2023 J.P. Morgan US-Dollar Clearing Recognition Award for achieving an exceptional Straight-Through Processing (STP) rate of 99.64% in com
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Email: mail@newsobahrain.com
The National Bank of Bahrain (NBB) has received the 2023 J.P. Morgan US-Dollar Clearing Recognition Award for achieving an exceptional Straight-Through Processing (STP) rate of 99.64% in commercial payments, based on the organisation’s internal data.
The award was presented by Nawaf Yusuf Humood, Executive Director of J.P. Morgan to Ali Abdulkarim, Group Head of Corporate and Commercial Banking, Nabeel Mustafa, Head of Bank Operations, and Amal Safar, Head of Correspondent Banking Relationships from NBB.
The title acknowledges the Bank’s consistent efforts in delivering industry-leading STP rates for US Dollar transfers.
Commenting on the achievement, Ali Abdulkarim, Group Head of Corporate and Commercial Banking at NBB said, “ Achieving a 99.64% STP rate is the result of our collective focus on harnessing cutting-edge technologies to ensure seamless and efficient payment execution for our clients.”
