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ABK Receives STP Excellence Award from Standard Chartered Bank

Al Ahli Bank of Kuwait (ABK) was recently presented the STP Excellence Award for the year 2014 from Standard Chartered Bank - New York, for its exemplary execution of electronic payments.

Mr. Fawzy Al Thunayan, General Manager of Board Affairs at ABK received the award saying: “We are delighted to see ABK’s commitment to international quality standards being recognized by Standard Chartered Bank. ABK’s partnership with correspondent banks such as Standard Chartered underlines our dedication to evolve as an institution that constantly provides our customers with international standards of service.”

In its role as an international financial institution, ABK utilizes the latest internationally approved systems and methods to facilitate transactions on a global scale such as Straight-through-Processing (STP). STP automates financial transactions and involves the capturing and processing of transactions in a single cost-effective system, effectively simplifying them.

ABK was recently also recognized by its EUR correspondent, Commerzbank for Excellence in STP for 2014.

For more information on Al Ahli Bank of Kuwait please contact an ABK representative via ‘Ahli Chat’ or by contacting a customer service agent via ‘Ahlan Ahli’ at 1899899.