QIB receives STP excellence award from Citibank ...Qatar

Qatar Islamic Bank (QIB) has received the straight through processing (STP) excellence award 2021 from Citibank. The award is in recognition of the best-in-class partner bank’s success in formatting foreign currency (USD) payments and the high-quality automated payment transactions as it continues to enhance this service and deliver exceptional performance. The award was received by the bank on the basis of conducting international foreign currency payments at a STP rate above 95%, an excellent achievement that reflects the quality of the bank’s straight-of-the-art payment processing system with consistent high SWIFT payment standards that facilitate seamless processing into beneficiary ac

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