Ali Al Zeera, Vice President- Product Sales Specialist and Treasury Services at J.P. Morgan Chase, Ebrahim Mustafa; Executive Director –Treasury Services of J.P. Morgan Chase; Ali Moosa, Managing Director and Senior Country Officer of J.P. Morgan Chase; Eyad Sater, General Manager – Support services at BMI Bank, Yaqoob Abdullah, Head of Operations at BMI Bank and Sadiq Al Shaikh, Head of Financial Institutions and International Banking at BMI BankBMI Bank announced that it had been awarded the prestigious JP Morgan Chase’s Straight Through Processing (STP) Award for 2011. The ‘best in class’ award in recognition of a Bank’s superior quality and consistent high performance in the area of international money transmissions, was presented to Eyad Sater, General Manager – support services at BMI Bank by Ali Moosa, Managing Director and Senior Country Officer at J.P. Morgan Chase at a ceremony held at the Bank’s BWTC branch and attended by senior officials from both institutions.
“I am delighted to receive this award from our peers that recognizes our excellent STP rate of over 99% achieved in the diligent processing of payments. At BMI Bank, the importance of a smooth and error free STP system is integrated within our day to day operations to help enhance efficiency, reduce costs as well as to ensure the timely execution of payments,”
Receiving the award, Eyad Sater, General Manager – support services of BMI Bank said.
This award reinforces our ongoing initiative of investing in our talents within the bank as we continue to build a stronger retail and commercial banking business. We would like to thank J.P. Morgan Chase Bank for honoring us with this prestigious award. We remain committed to delivering innovative products and services and will continue to invest in them to better serve our customers.”
