Ahli Bank Q S C : QSC awarded Euro Commercial Payments Excellence Award
May 24, 2016 at 04:20 am
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24 May 2016
Ahli Bank QSC (Ahlibank), a leading Qatari owned financial institution, has received the coveted Straight Through Processing (STP) award presented by Commerzbank AG. The award underlines the bank's outstanding STP performance of 99.77% in 2015 for the execution of commercial payments in Euros.
The Commerzbank award recognises Ahlibank's consistently high SWIFT payment standards, which facilitate automated processing through the payment chain.
Michael B. Gehrmann, Senior Relationship Manager for Commerzbank presented the award to the Ahlibank team, led by Mahalingam Shankar, Deputy CEO - Finance, Operations, Support and Technology and Trevor C Bailey, Head of International Banking.
Trevor Bailey, Head of International Banking at Ahlibank said 'We are delighted to accept this award from Commerzbank. The provision of Straight Through Processing (STP) for Euro commercial payments is an important measure of our effectiveness in meeting the needs of our customers, who we place at the heart of our business'
Al Ahli Bank QSC published this content on 24 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2016 08:20:02 UTC.
Original documenthttp://www.ahlibank.com.qa/en/media-center/news-press-releases/ahli-bank-qsc-awarded-euro-commercial-payments-excellence-award
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Ahli Bank QPSC, formerly Ahli Bank QSC, is a Qatar-based bank. The Bank provides its products and services through its business segments: The Retail and Private Banking and Wealth Management segment, which includes individual customersâ deposit and current accounts, provides consumer loans, residential mortgages, overdrafts, credit cards and fund transfer facilities, investment products, funds, credit facilities, trusts and alternative investments, and the Corporate banking, treasury, investments and brokerage subsidiary segment offers loans and other credit facilities, and deposit and current accounts for corporate and institutional customers, and provides money market, trading and treasury services, as well as brokerage services. The Bank operates through its head office and a network of 17 branches located across the State of Qatar. The Bank has a wholly owned subsidiary, Ahli Brokerage Company SPC, which is active in brokerage operations.
AHLI BANK Q.P.S.C. 
