Business | Banking

ADCB wins three awards

JP Morgan grants bank “Elite” status

  • Staff
  • Published: 16:22 November 25, 2012
  • Gulf News

Abu Dhabi: Abu Dhabi Commercial Bank PJSC “ADCB” was awarded three prestigious awards by Deutsche Bank, JP Morgan Chase and Commerzbank for its exceptional international STP payment processing. The “Elite” quality recognition award from JP Morgan Chase is granted to less than one per cent of JP Morgan’s financial institution clients and ADCB is the only local bank to receive this award after it was granted the “Elite” status for the ninth consecutive year.

The STP Award from Deutsche Bank was presented for ADCB’s Euro payment messages. Deutsche Bank has strict global eligibility criteria for this award based on both volume and accuracy and ADCB was placed in their top bracket of clients for maintaining an outstanding 99.1 per cent error-free rate.

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