Qatar Islamic Bank ( QIB ) – the leading Islamic bank in Qatar – has received the prestigious annual STP Award, presented by Commerzbank, for outstanding performance in straight-through-processing and the delivery of commercial and financial payments in euros. The award recognises QIB’s state-of-the-art in-house payment architecture and reflects the Bank's consistently high SWIFT standards, which facilitate automated processing throughout the payment chain.
"This award recognises the high level of operational efficiency we have here at QIB. With our experienced personnel and our strong IT infrastructure and delivery channels, we are set to continue providing a high quality service to all our individual and institutional customers," said Steven Crook, QIB’s Chief Operating Officer.
Benjamin Duve of Commerzbank also praised the high standard of QIB’s operational services along with its professionalism. “QIB, with its strong presence in wholesale banking and trade finance, is one of our key accounts in Qatar to receive recognition for operational excellence in this field. Accuracy in transactions was one of the key criteria for Commerzbank when selecting winners of the award,” he said.
Commerzbank is a leading bank for private and corporate customers in Germany, with a total of some 1,200 branches; Commerzbank has one of the largest networks of branches among German private banks.
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