(MENAFN - The Peninsula) JPMorgan has awarded Doha Bank with its 'JPMorgan Quality Recognition Award' for 2014. Since 1997, the awards have been acknowledging the consistent, high-quality performance of JPMorgan's clients' funds transfer operations management and staff in addition to recognising their efforts in achieving best-in-class 'Straight Through Processing' (STP) rates.
According to JPMorgan, less than 1 percent of its total 'funds transfer' clients qualified for a 'Quality Recognition Award' in 2014 - highlighting Doha Bank's phenomenal success in exceeding JPMorgan's stringent STP performance standards.
The 'JPMorgan Quality Recognition Award' is divided into two groups, each designated by a SWIFT message type (MT) and features two categories namely 'Quality Recognition Award' and the second 'Elite Quality Recognition Award', which is given to institutions that demonstrate the highest level of performance.
Doha Bank qualified for the 'Elite Quality Recognition Award' in both the categories .
"It is a matter of great pride for Doha Bank to receive the coveted 'JPMorgan Quality Recognition Award' for 2014. On behalf of the entire team at Doha Bank, I would like to thank JPMorgan for bestowing this honor upon us", said Dr R Seetharaman, CEO of Doha Bank.