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Friday , December 6 2019

ABK receives award from Commerzbank AG – Bank recognized for its commitment to int’l quality standards

Somnath Menon (Chief Operating Officer, ABK), Karl Stumke (GM, ABK) and ABK officials receiving the STP Award from Michael Gehrmann (Commercial Bank) and Andreas Scheer (Commerzbank)
Somnath Menon (Chief Operating Officer, ABK), Karl Stumke (GM, ABK) and ABK officials receiving the STP Award from Michael Gehrmann (Commercial Bank) and Andreas Scheer (Commerzbank)

KUWAIT CITY, April 23: Al Ahli Bank of Kuwait (ABK) was recently presented the Award for Excellent Quality by Commerzbank AG. ABK was recognized because of its exemplary delivery of commercial payments and financial institution transfers in 2015. Somnath Menon, Chief Operating Officer at ABK expressed his pleasure in receiving the award saying: “We are delighted to see ABK’s commitment to international quality standards being recognized by Commerzbank. ABK’s partnership with leading correspondent banks such as Commerzbank underlines our dedication to evolve as an institution that constantly provides our customers with the highest quality of service always.”

In its role as an international financial institution, ABK utilizes the latest internationally approved systems and methods to facilitate transactions on a global scale such as Straight-through-Processing (STP). STP automates financial transactions and involves the capturing and processing of transactions in a single cost-effective simplified system. Commerzbank AG is ABK’s main Euro clearing bank and a leading international commercial bank with branches in more than 50 countries.

For more information on Al Ahli Bank of Kuwait please visit www.eahli.com or contact a customer service agent via ‘Ahlan Ahli’ at 1899899

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