[size=30]«JP Morgan» awarded the Trade Bank of Iraq Award for Excellence in direct transfers[/size]
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Faisal Al-Hims, President of the Iraqi Trade Bank and Chairman of the Board receives the award from Ali Musa, Head of Banking at JP Morgan Chase for Central and Eastern Europe, Middle East and Africa
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Faisal Al-Hims, President of the Iraqi Trade Bank and Chairman of the Board receives the award from Ali Musa, Head of Banking at JP Morgan Chase for Central and Eastern Europe, Middle East and Africa
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[rtl] The Bank of Iraq Trade won the “Excellence in Automatic Payment and Transfer Transactions” (STP) Award from JPMorgan Chase Bank.[/rtl]
[rtl]Faisal Al-Hims, Chairman of the Bank of Iraq for Trade and Chairman of the Board of Directors, received the award during a recent ceremony in Beirut from Ali Moussa, Head of Banking at JPMorgan Chase for Central and Eastern Europe, the Middle East and Africa.[/rtl]
[rtl]The STP Award measures the quality of automated payments and transfers without any manual intervention. It is an indicator of the speed of transactions and helps to reduce margin of errors, operating cost and procedures. And risk.[/rtl]
[rtl]The award of the STP is based on the number of electronic transactions carried out by the bank, the percentage of international direct electronic transfer, and the measurement of whether the procedures meet the strict standards of JP Morgan Chase.[/rtl]
[rtl]The Trade Bank of Iraq succeeded through the assessment of `` JP Morgan '' for the measurement of STP to be among the limited banks around the world succeeded in winning the Award for Excellence in direct transfers by 99.00% MTI 103.[/rtl]
[rtl]The award comes as the culmination of his efforts in investment and development of basic infrastructure, and in the organization of his national network to provide the latest banking systems and services to customers. In addition, the bank has successfully expanded its branch and ATM chain and improved its banking capabilities by extending working hours and offering night deposit facilities.[/rtl]
[rtl]“We are very proud to receive this prestigious award.[/rtl]
[rtl]“This award culminates in our efforts to improve direct remittances, and seeks to address and develop international remittances to meet the growing and evolving needs of our customers.[/rtl]
[rtl]Ali Musa, Head of Banking at JPMorgan Chase for Central and Eastern Europe, Middle East and Africa, commented on the award: The focus on improving performance and transparency has contributed to the Bank's growth at the local and regional levels. ”[/rtl]
[rtl]BTC works continuously as one of the pillars of the Iraqi national economy. Encouraging and securing foreign investment has long been one of the main objectives of the Bank to promote investment in Iraq and provide its services as a reliable option for investors. In addition to the advancement of the Iraqi economy and contribute to reconstruction.[/rtl]
[rtl]“This award emphasizes the clear success achieved through the implementation of our strategy, which aims to set new standards in the Iraqi banking sector through innovation and outstanding performance. I take this opportunity to thank all the employees of the Bank for their dedication and effort that led us to this success and this award. ”[/rtl]
[rtl]It is worth mentioning that the bank has received a number of awards this year, including 'Best Achievements 2019' from the Forum of Achievements in Milan, and the International Finance Award, and the awards 'Best Local Bank in Iraq 2018' and 'Best Investment Bank in Iraq 2018' during a ceremony EMEA Finance World Bank Awards in the Middle East and North Africa (MENA), as well as winning the `` Best Commercial Bank in Iraq 2019 '' award at the Global Finance Awards in London. He was named 'Best Retail Bank' and 'Best Premium Bank' by International Finance magazine.[/rtl]
[rtl]The Bank continues to play a pivotal and influential role in the recovery and growth of the Iraqi economy through its strategic plan set up to 2021, and the Bank continues to achieve more trade in the region and the world with all banking and commercial sectors in order to achieve prosperity inside Iraq.[/rtl]
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