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Citi STP Award - 2015

Bank of Beirut was granted the CITI Straight Through Processing (STP) Award for the second consecutive year, in recognition of the bank’s excellent quality and accuracy in delivering commercial & treasury payments. This award is annually given to the best banks by their main USD clearer to recognize their accuracy in formatting foreign currency payments. The STP certification indicates that Bank of Beirut's entire trade process and payment transactions are conducted electronically without the need for manual interventions, subject to legal and regulatory restrictions.This award is based on measured rates, which show that Bank of Beirut has achieved a rating of +97 percent for Treasury Payments and +95 percent for commercial payments. The STP rate is considered the most important indicator for quality in the field of payment transactions, reflecting the degree of automation by Bank of Beirut. Being recognized with this award is a clear sign that our bank has a successfully tested international STP electronic payment services and meets stringent correspondent banking and processing accuracy criteria. Significantly, this award also underlines our continued investment in technology and people, which has enabled us to provide both individual and institutional customers with superior payments services. Being a leading global financial services company, CITI has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. It provides consumers, corporations, governments, and institutions with a broad range of financial products and services.

Citi STP Award - 2015

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