Kuwait Finance House – Bahrain wins J.P. Morgan’s ‘Elite Quality Recognition’ Award for 2022

Kuwait Finance House – Bahrain wins J.P. Morgan’s ‘Elite Quality Recognition’ Award for 2022

Manama, Bahrain - Kuwait Finance House – Bahrain, one of the leading Islamic banks in the Kingdom recently received the prestigious ‘Quality Recognition Award’ for the year 2022 from JPMorgan Chase N.A. This recognition acknowledges the banks consistent high-quality performance and exceptional achievements in the field of direct processing (STP) of private transfers to individuals and financial institutions during the year 2023. KFH-Bahrain stands out as one of the few financial institutions in the MENA region to receive the award. Ms. Nadia Qambar, Vice President of Financial institutions at JPMorgan Bank, honored KFH-Bahrain, and the award was received by Mr. Mohamed Fahmi Hamad, Executive Manager and Head of Operations, Information Technology and Corporate Communications at KFH-Bahrain, on Thursday, June 8, 2023. The event conducted was attended by employees of the Bank from the Operations Department, and they were appreciated for their effort and contribution during the year of 2022. Less than 1% of all money transfer customers qualified for the award this year, highlighting KFH-dedication to processing remittances in accordance with JP Morgan standards. KFH-Bahrain was successful in achieving a high percentage of "MT103" category direct transactions. Further solidifying its reputation as a thriving financial institute in the Islamic banking