BBK Wins JP Morgan Elite Quality Recognition Award
05 Jun 2023
Bank of Bahrain and Kuwait (BBK), Bahrain’s pioneer in retail and commercial banking, has been awarded the “Elite Quality Recognition” award by J.P. Morgan Bank, in recognition of its exceptional performance in the Straight Through Processing (STP) for customers and financial institutions’ transfers during the year 2022. This accolade also acknowledges the Bank’s outstanding operational performance and efficiency in the field of financial transfers in general.
Dr. AbdulRahman Saif, BBK Group Chief Executive, was presented with the prestigious award by Mr. Abdulla Aljanahi, J.P. Morgan Executive Director, during a special ceremony held at BBK headquarters.
BBK has attained an exceptional level of MT103 direct processing, adding these achievements to its track record of accomplishments and reaffirming its positioning as a prestigious financial institution in the Kingdom of Bahrain and the wider MENA region. This award clearly affirms the unwavering commitment of the Bank’s team to continuously strive for operational excellence and deliver top-notch services.
Commenting on this achievement, Dr. AbdulRahman Saif said: “We are honored to receive this esteemed accolade, which recognizes our outstanding work in efficiently processing remittances for our customers. It highlights our commitment to meeting J.P. Morgan’s rigorous standards for performance and proficiency in direct processing. This achievement is a source of great pride for us and reinforces our dedication to delivering excellent service while adhering to industry-leading practices.”
“We take immense pride in the dedication and hard work of the Bank’s team, who have tirelessly strived to achieve exceptional rates in direct money transfer transactions. At BBK, we remain committed to delivering services of the highest quality and efficiency.
For his part, Mr. Abdulla Aljanahi, said: “I am delighted to extend my heartfelt congratulations to BBK for receiving this esteemed recognition. This well-deserved accolade is a result of the bank’s exceptional performance in processing transfers throughout 2022. We commend BBK for its dedication and commitment to achieving the highest standards of quality, setting an exemplary benchmark for other financial institutions in the Kingdom of Bahrain. The Bank’s outstanding achievements serve as an inspiration to the entire industry.”