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 Heart Bahrain, the place the award was acquired by Mr. Mohammed Fahmy Hamad, CEO and Head of Operations, Data Know-how and Company Communications of KFH – Bahrain from Mr. Mohammed. Ahmed Al Hammadi is the chief govt of the correspondent banking group, head of economic establishments within the Gulf, Pakistan and Iraq at Citi Banking Group.
Commenting on this achievement, Mohammed Fahmy Hamad, Basic Supervisor and Head of Operations, Data Know-how 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 consistent with worldwide requirements. Accepted by the Citi Banking Group. We be sure that we proceed our efforts to keep up this degree 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, Mohammed Ahmed Al Hammadi, Chief Govt 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 degree and makes a big contribution to the event of the Islamic monetary sector within the Kingdom of Bahrain.”
Citi Banking Group presents Direct Cost Processing Excellence Awards to reward banks every year that excel in attaining the best requirements in buyer remittance clearing, commerce finance and cross-border settlement primarily based on their STP charges; That’s, the proportion of automated cost transactions that full with out the necessity for extra handbook intervention, as these entities will be capable to make and obtain funds sooner than conventional steps.