Gulf Bank on 26 July, 2015 announced it has been awarded the prestigious ‘Straight Through Processing Excellence’ Award 2014 from Citibank for the Bank’s 97 percent treasury payments STP rate of and 95 percent commercial payments STP rate. This is the fourth consecutive year that Gulf Bank receives this award.
The award was jointly received by Khaled Al-Mutawa, General Manager – International Banking and Investments, and Mona Mansour, General Manager –Customer Services Delivery.
Receiving the award on behalf of the Bank, Mr. Al-Mutawa said: “We are honored to receive this award and proud to be recognized by such a renowned financial institution as Citibank. Receiving this award is acknowledgment for being one of the top correspondent banks and it reinforces our reputation as a market leader in operations and service quality.”