Kuwait Finance Home-Bahrain introduced the Excessive High quality Elite (STP) award, which acknowledges excellence within the direct processing of personal transfers to people and monetary establishments. The award ceremony was held on the headquarters of the Kuwait Monetary Home – World Commerce Middle Bahrain, the place the award was acquired by Mr. Mohammed Fahmy Hamad, CEO and Head of Operations, Info Expertise and Company Communications of KFH – Bahrain from Mr. Mohammed. Ahmed Al Hammadi is the chief govt of the correspondent banking group, head of monetary establishments within the Gulf, Pakistan and Iraq at Citi Banking Group.
Commenting on this achievement, Mr. Mohamed Fahmi Hamad, Basic Supervisor and Head of Operations, Info Expertise and Company Communications at KFH-Bahrain, mentioned: “We thank God for this achievement as this award highlights KFH-Bahrain’s dedication to fixing the issue of remittances in accordance with the Requirements. accepted by the Citi Banking Group. We be certain that we proceed our efforts to take care of this stage of excellence by persevering with to carry out all of our banking operations on the highest ranges of high quality and effectivity.”
For his half, Mr. Mohammed Ahmed Al Hammadi, Government Director of Correspondent Banking Group, Head of Monetary Establishments within the Gulf, Pakistan and Iraq at Citi Banking Group, mentioned: “We want to congratulate KFH-Bahrain on receiving this award.
This prestigious place is a testomony to his excellent efficiency in direct cash switch processing. It additionally strengthens its place as one of many main Islamic banks on the native stage and makes a big contribution to the event of the Islamic monetary sector within the Kingdom of Bahrain.”
The Citi Banking Group gives Direct Funds Processing Excellence Awards to honor banks every year that excel globally in attaining the very best requirements in buyer remittance clearing, commerce finance and cross-border settlement based mostly on their STP charges; That’s, the share of automated fee transactions that full with out the necessity for added guide intervention, as these entities will have the ability to make and obtain funds quicker than conventional steps.