Doha - Qatar International Islamic Bank (QIIB) received the "2017 Banking Excellence Award" for its excellence in straight-through processing (STP) from the World Union of Arab Bankers.

The Bank said in a statement that the award affirms the distinguished position of the bank in terms of integrated services provided to its clients.

Omar Abdul Aziz al-Meer, Senior Manager at QIIB Treasury and Investment department received the award from HE Sheikh Mohamed Jarrah al-Sabbah, Chairman of the Union of Arab Banks during a ceremony held in Beirut.

On the occasion, QIIB Deputy CEO Jamal Al Jamal said, "We are delighted to receive this distinguished award from the World Union of Arab Bankers, a prestigious professional institution, which is acquainted with the latest developments in the banking sector and gives its awards based on the criteria of efficiency and accomplishment." He said, "Bestowing QIIB with this award is a success for Qatar's banking sector that is witnessing great achievements, and placing it at the forefront of the banking sector in the region, which is playing a key role in Qatar's economic growth." Al-Jamal said, "The significance of this award stems from the huge importance of external payments that require a high level of accuracy to guarantee the direct transfer of funds without any manual interference and ensure timely delivery to beneficiaries." He added "Being recognised by an important regional institution such as the World Union of Arab Bankers for the efficiency of our external payment operations confirms the success of our strategies and our excellence in this field of operations. It also endorses our success in other operations and services that we provide with a high level of efficiency and professionalism, in line with the best international standards." "QIIB will always endeavour to provide the best and most diversified banking services so as to meet the requirements and aspirations of its clients belonging to different categories. We also seek to transform our banking services, which we provide through various channels, into a distinguished banking experience that meets the aspirations of our clients," the Deputy CEO said.

QIIB recently received a number of prominent awards, the latest being "Al-Dhamem Best Partner Bank", "2016 Best Islamic bank In Qatar" from International Finance Magazine and "Best Islamic bank in Qatar" in Retail Services for 2016 from Cambridge IF Analytica. (QNA)

Source: Qatar News Agency