NBB takes Citi Treasury Award

Manama : The National Bank of Bahrain (NBB) yesterday announced winning the global banking giant CITI’s 2016 Performance Award for achieving Straight-Through Processing rates of 99.0 per cent for Treasury STP and 97.7pc for Commercial STP, respectively.

The award, NBB said, is an important designation given to the leading financial institutions worldwide, which have achieved high rates of STP via their state-of-the-art international electronic payment processing.

NBB’s Chief Executive – Treasury, Capital Markets & Wealth Management at NBB, Hussain Al Hussaini received the award from Mohsin Almardi, Director – Correspondent Banking Group at CITI.

Commenting on behalf of NBB, Hussain Al Hussaini, said, “This award underscores the proficiency of our treasury and capital markets team and the advanced nature of the technologies we
employ.”