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ABK Receives Elite Quality Recognition Award from J.P Morgan

24 December 2020

ABK Receives Elite Quality Recognition Award from J.P Morgan

Al Ahli Bank of Kuwait (ABK), was recently awarded with the ‘Elite Quality Recognition Award 2020’ for its operational excellence in Straight-Through-Processing (STP) rates for the 2019 calendar year, by leading global financial institution J.P. Morgan. The award acknowledges ABK’s outstanding achievement of a 98.42% STP rate, which is the result of consistent, high quality performance and standards in the transferring of USD funds.

In line with the global guidelines for COVID-19 safety precautions, J.P. Morgan organised a digital award ceremony to honour ABK with certificates and plaques.

Established in 1997, J.P. Morgan Quality Recognition Awards honour US dollar clearing institutions that meet or exceed the stringent criteria for STP of international payment and settlement transactions.

For more information kindly visit eahli.com or contact an ABK customer service agent via ‘Ahlan Ahli’ at 1899899.