In recognition of its strong operational efficiencies,
Khaleeji Commercial Bank
(
KHCB
), one of Bahrain’s leading Islamic retail banks, was granted the “Straight Through Processing” (STP) Award by Standard Chartered Bank. In addition to the STP Award,
KHCB
also received an appreciation letter from Standard Chartered to acknowledge their remarkable performance in relation to the USD payment instructions sent by
KHCB
to Standard Chartered Bank.

The STP awards are conferred to selective banks worldwide that meet stringent criteria when constructing cross-border payments, which are processed without any manual intervention, thus saving time and increasing efficiency.

Elaborating on the significance, originality and advantageous nature of the award, Mr. Khalil Al Meer, Chief Executive Officer of
KHCB
said: “On behalf of the bank, I would like to express my immense pleasure and pride for receiving such a prestigious award that marks the beginning of a new era for us.
Khaleeji Commercial Bank
has reached an STP rate of 96.40% efficiency in the execution of electronic payments. Accomplishing this high STP rate is a reflection of
KHCB
‘s strong operational efficiencies and another accolade added to our achievements of providing convenient banking services to our clients.”

”
KHCB
has been proudly recognized as one of most efficient in Middle East, North Africa and Pakistan and this will directly reflect on our customers’ increasing confidence in our banking products and services as well as continuing to execute our new strategy, which is focused on meeting our customer’s needs of having the fastest and most secure banking transactions with us. We are confident of the success and positive impact that this award will have on our overall output and capacity and we look forward to achieving many more accolades such as this to further consolidate our position as premium and reliable financiers in the Kingdom of Bahrain,” he added.

Headquartered in the Kingdom of Bahrain,
Khaleeji Commercial Bank
BSC is a leading Islamic retail bank, providing a comprehensive range of high quality Shari’ah compliant banking services and investment solutions to both individual customers and corporate clients.

– End –

Issued by prlinks on behalf of Khaleeji Commercial Bank
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© Press Release 2015

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