NBB recognised with Citi 2024 STP award For excellence in treasury payment processing

TDT | Manama

Email: mail@newsofbahrain.com

The National Bank of Bahrain ( NBB) h a s been awarded the Citi 2024Straight-Through Processing (STP) Award in recognition of its exceptional performance in treasury payment processing. Based on Citi’s independently verified analysis of NBB’s full-year 2024 payment data, the Bank achieved an STP rate of 99.5%, exceeding the global qualification benchmark of 95%.

Commenting on the occasion Ali Abdulkarim, Group Chief Executive, Corporate and Commercial Banking at NBB, stated, “We are honoured to receive this award from Citi, which reflects the dedication of our teams and the progress we have made in strengthening our operational capabilities. Reaching a 99.5% STP rate demonstrates how investing in our people and technology enables us to deliver fast, accurate, and reliable services to our valued clients.”

Citi’s annual STP Awards recognise financial institutions that demonstrate outstanding efficiency and industry-leading standards in payment processing.

NBB’s achievement highlights the Bank’s sustained commitment to delivering seamless, technology-driven services underpinned by a robust operational foundation.