Posted on September 07, 2015

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has been conferred the prestigious annual award presented by Commerzbank for outstanding performance in Straight Through Processing (STP) and delivery of commercial and financial payments in the Euro currency. The award was handed over at a meeting held at QIB Head Office, attended by senior officials from QIB and Commerzbank.

The award recognizes 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 recognizes 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 Mr. C.Krishna Kumar, QIB’s Chief Operating Officer.

QIB awarded best straight 2 [].jpgCommerzbank is a leading international commercial bank with some 1,100 branches and approximately 90 advisory centres for business customers. Commerzbank finances more than 30 per cent of Germany’s foreign trade and is the unchallenged leader in financing for SMEs. Commerzbank boasts approximately 15 million private customers, as well as one million 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 EUR 9 billion while employing approximately 52,000 employees.