Gulf Bank achieves elite J P Mor­gan qual­ity recog­ni­tion award for 2015

Kuwait Times - - BUSINESS -

KUWAIT: Gulf Bank an­nounced yes­ter­day that it has achieved the elite J P Mor­gan Qual­ity Recog­ni­tion Award for 2015, ac­knowl­edg­ing its op­er­a­tional ex­cel­lence in MT103 com­mer­cial pay­ments for 2015.

Sherif Abdelsalam, Ex­ec­u­tive Di­rec­tor, Head of GCC F I Cov­er­age and Sa­har Adelzadeh, Client Ser­vice Ac­count Man­ager pre­sented the award on be­half of J.P. Mor­gan to the Gulf Bank team, Khaled Al-Mutawa, Gen­eral Man­ager, In­ter­na­tional Bank­ing and In­vest­ments; and Ms. Mona Man­sour, Gen­eral Man­ager, Cus­tomer Ser­vice De­liv­ery on 18 Novem­ber 2015.

Com­ment­ing on the bank’s achieve­ment, AlMutawa said: “We are proud to be ac­knowl­edged by such a renowned fi­nan­cial institution as J P Mor­gan. This award con­firms Gulf Bank has the best-in-class straight-through pro­cess­ing (STP) rates and it is ev­i­dence of the hard work and ded­i­ca­tion of our oper­a­tions team in achiev­ing the best in pro­cess­ing and so­lu­tions to meet cus­tomers’ fi­nan­cial needs. This award re­in­forces our rep­u­ta­tion as a mar­ket leader in oper­a­tions, ser­vice, and qual­ity and our ex­cel­lent con­sis­tent per­for­mance for 5 years in a row.” Gulf Bank achieved an STP rate of 99.56 per­cent for the MT103 cat­e­gory of pay­ments, ex­ceed­ing J P Mor­gan’s strin­gent STP per­for­mance stan­dards there­fore qual­i­fy­ing for the Elite Qual­ity Recog­ni­tion Award.

JP Mor­gan Chase & Co is an Amer­i­can multi­na­tional bank­ing and fi­nan­cial ser­vices hold­ing com­pany head­quar­tered in New York City. It is the largest bank in the United States, and the world’s third largest bank by to­tal as­sets, with to­tal as­sets of $2.6 tril­lion. The firm is a leader in in­vest­ment bank­ing, fi­nan­cial ser­vices for con­sumers, small busi­ness and com­mer­cial bank­ing, fi­nan­cial trans­ac­tion pro­cess­ing, as­set man­age­ment and pri­vate eq­uity.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.