(MENAFN- Gulf Times) QIIB has announced that it has been honoured with the STP Awards for Cash Management and Trade for 2014 by Commerzbank.
At a ceremony held at the bank's headquarters in Doha, the awards were handed over to QIIB chief operating officer Ehab Eshehawi by senior Commerzbank executives Ertugrul Goezelel, relationship manager, and Farrah Antoun, assistant
relationship manager.
Masson Mohamed al-Asfar, chief of corporate banking, and Asim Mahmood, head of international operations, were among the senior QIIB executives present on the occasion.
Accepting the awards, Eshehawi said QIIB valued its relationship with Commerzbank, a leading
German bank.
"We are indeed delighted to receive the prestigious STP Awards 2014 for Cash Management and Trade from Commerzbank. At QIIB, we give priority to train and equip our staff using advanced banking techniques, and also ensure that the bank has the latest technology in line with the STP requirements.
"Our team must be congratulated for its performance in achieving such
remarkable results."
Eshehawi added that the award highlighted QIIB's performance in formatting foreign payments in the areas of commercial payments and trade finance with no errors.
Goezelel said the STP procedures adopted by QIIB were among the best standards in "straight through processing" globally.
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