Award acknowledges bank's outstanding performance in payments processing

Jehad Saud Al-Humaidhi receives the Citibank STP Award

KUWAIT: Ahli United Bank (AUB) announced yesterday that it has won the coveted Citibank Straight-Through-Processing (STP) award for the sixth consecutive year. The award recognizes AUB's excellent quality and accuracy in delivering commercial payments and processing transactions, and its continued efforts and keenness to win this high profile award on an annual basis.

AUB's latest award demonstrates its excellence in SWIFT automated processing of transfers and deposits along with applying the latest ground breaking technologies to drive STP-compliant services that are have been outlined by Citibank.

AUB Deputy Chief Executive Officer - Banking Support Group, Jehad Saud Al-Humaidhi said, "We are proud to win Citibank's STP award. AUB has once again succeeded in adopting strict measures in relation to international electronic payment transfers that fully comply with Citibank's rigorous correspondent banking and processing accuracy criteria. This important recognition is a testimony to the Bank's operational excellence and efficiency, and one which showcases how crucial STP is to AUB's customer service operations."

"AUB continues to strive to ensure fast, accurate and reliable execution of payment instructions through continuous investment in information technology systems and people," added Ms. Al-Humaidhi.

The STP award is a tribute to the high caliber and superior efficiency of AUB's operational capabilities. With state-of-the-art technology and operational infrastructure, the Bank's team of seasoned professionals is well placed to meet the complete needs of individual and corporate customers alike.