Gulf Bank receives ‘Straight Through Processing Excellence’ award 2014 from Citibank

Press release

Published July 26th, 2015 - 06:20 GMT

Mr. Khaled Al-Mutawa, General Manager – International Banking and Investments, and Mrs. Mona Mansour, General Manager –Customer Services Delivery accepting the award from Citibank representatives

Gulf Bank today announced it has been awarded the prestigious ‘Straight Through Processing Excellence’ Award 2014 from Citibank for the Bank’s 97% treasury payments STP rate of and 95% commercial payments STP rate. This is the fourth consecutive year that Gulf Bank receives this award.

The award was jointly received by Mr. Khaled Al-Mutawa, General Manager – International Banking and Investments, and Mrs. 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.”

Background Information

Gulf Bank

Gulf Bank is one of the leading conventional banks in Kuwait with total assets of KD 6 billion for year ended 31 December 2018. The Bank provides a broad offering of consumer banking, wholesale banking, treasury, and financial services through its large network of 58 branches and more than 200 ATMs in Kuwait.