(MENAFN- Gulf Times) The Commerzbank award, which was handed over at the QIB head office (pictured), recognises QIB's state-of-the-art, in-house funds transfer architecture and reflects the bank's consistently high SWIFT payment standards.
Qatar Islamic Bank (QIB) has received an award from Commerzbank for its outstanding performance in Straight Through Processing (STP) and delivery of commercial and financial payments in the Euro currency.
The award, which was handed over at the QIB head office, recognises QIB's state-of-the-art, in-house funds transfer architecture and reflects the bank's "consistently high SWIFT payment standards," which facilitate automated processing resulting fast service and error-free transactions.
"The award recognises the high-level of operational efficiency that we focus on at QIB. With our experienced personnel and strong IT infrastructure and delivery channels, we are well-positioned to continue providing the highest quality service to all our individual and institutional customers," said QIB chief operating officer C Krishna Kumar.
Commerzbank is a leading international commercial bank with 1,100 branches and 90 advisory centres for business customers. Commerzbank finances more than 30% of Germany's foreign trade and is the "unchallenged leader" in financing for small and medium-sized enterprises (SMEs).
Commerzbank has 15mn private customers, as well as 1mn business and corporate clients. The bank, which was founded in 1870, is represented at all the world's major stock exchanges. In 2014, it generated gross revenues of almost ‚¬9bn while employing 52,000 employees.
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