BankDhofar receives coveted STP award

BankDhofar achieved highest quality Euro transactions and recorded 100% Straight-ThroughProcessing for financial institution transfers

MUSCAT: In recognition of its excellent quality in the delivery of commercial payments and financial institution transfers in Euro, BankDhofar has received the prestigious ‘Straight-ThroughProcessing (STP) Award 2015’ from Commerzbank.

The award was handed over to Kamal Hassan Al Murazza, chief wholesale banking officer, by Ertugrul Goezelel, Commerzbank’s relationship manager - Dubai branch, at BankDhofar head office in the presence of Abdul Hakeem Omar Al Ojaili, acting CEO of BankDhofar, Bashir Said Al Subhi, AGM - Treasury & Financial Institutions and Mohammed Iqbal Al Balushi, AGM & head of Operations & Support Services, says a press release.

Commerzbank, a leading international commercial bank with branches and offices in more than 50 countries, presents the STP Awards to banks and financial institutions that showcase exceptional quality and meet the highest global standards for automatic processing of international pay- ments in Euro.

Al Subhi stressed on the bank’s commitment to provide best customer experience and ongoing efforts to ensure high quality in the delivery of commercial payments and financial institutions transfers.

“We have successfully adopted best international practices and established state-of-the-art systems to ensure that our overseas financial transactions are instant, simple and less costly. We have proudly achieved highest quality Euro transactions and recorded 100% Straight-Through-Processing for financial institution transfers in 2015,” he said.

BankDhofar has directed all its efforts and resources to be the best customer experience provider in the financial sector. “We offer instant and convenient solutions to meet our customers’ global trade finance requirements by providing access to the world through a wide network of leading correspondent banks,” added Al Subhi.

Today BankDhofar is considered one of the best banks in the region, catering for customers’ needs and requirements, and setting the standards for the best customers experience within the banking industry in the Sultanate through creative solutions and innovation.