Ahli Bank (QPSC) awarded Euro Commercial Payments Excellence Award
24 May 2016
Ahli Bank (QPSC) (Ahlibank), a leading Qatari owned financial institution, has received the coveted Straight Through Processing (STP) award presented by Commerzbank AG. The award underlines the bank's outstanding STP performance of 99.77% in 2015 for the execution of commercial payments in Euros.
The Commerzbank award recognises Ahlibank's consistently high SWIFT payment standards, which facilitate automated processing through the payment chain.
Michael B. Gehrmann, Senior Relationship Manager for Commerzbank presented the award to the Ahlibank team, led by Mahalingam Shankar, Deputy CEO – Finance, Operations, Support and Technology and Trevor C Bailey, Head of International Banking.
Trevor Bailey, Head of International Banking at Ahlibank said “We are delighted to accept this award from Commerzbank. The provision of Straight Through Processing (STP) for Euro commercial payments is an important measure of our effectiveness in meeting the needs of our customers, who we place at the heart of our business”