Burgan Bank amongst the most dynamic and rapidly growing commercial banks in the State of Kuwait announced their receipt of the JPMorgan Quality Recognition Award. The award is in acknowledgement of the consistent, high quality performance and standards that Burgan Bank’’s funds transfer operations management and staff has maintained for the 2008 calendar year.
JPMorgan confirmed that Burgan Bank achieved the elite level of the award and was the only Bank in the MENA region to receive this outstanding recognition for both its treasury and commercial activities. This was stated in a press release on Saturday.
Since 1997, JPMorgan has presented awards to select U.S. dollar clearing clients that achieved a best inـclass level of operational excellence. These awards are given to clients who achieve outstanding straightـthrough results by properly formatting their SWIFT payments.
“This award illustrates Burgan Bank’’s leading presence in the global financial services market,” said Jonathan Lyon CEO, Burgan Bank. The fact that Burgan Bank was able to maintain outstanding levels for 12 consecutive years clearly marks our institution as a leader in meeting today’’s operating challenges.”
“The past year has been challenging for the financial industry and we are extremely proud that despite this the bank has continued to maintain high quality performance and standards for fund transfer operations with minimal margin of error. We are honored to receive this award for the twelve consecutive years from JPMorgan Chase in recognition of our commitment and exceptional contribution,” said Jonathan Lyon.
“Less than one percent of JPMorgan’’s total funds transfer clients are able to meet the criteria needed for the award,” said Greg Murray, executive director JPMorgan. “It is truly a privilege to work with a client that demonstrates a long term commitment to quality