NBB Receives 2023 US-Dollar Clearing Recognition Award from J.P. Morgan

The National Bank of Bahrain (NBB) has received the 2023 J.P. Morgan US-Dollar Clearing Recognition Award for achieving an exceptional Straight-Through Processing (STP) rate of 99.64% in commercial payments, based on the organisation’s internal data. 
The award was presented by Nawaf Yusuf Humood, Executive Director of J.P. Morgan to Ali Abdulkarim, Group Head of Corporate and Commercial Banking, Nabeel Mustafa, Head of Bank Operations, and Amal Safar, Head of Correspondent Banking Relationships from NBB. The title acknowledges the Bank’s consistent efforts in delivering industry-leading STP rates for US Dollar transfers.
Commenting on the achievement, Ali Abdulkarim, Group Head of Corporate and Commercial Banking at NBB said, “We are honoured to receive this recognition from J.P. Morgan, which underscores our dedication to continuously enhancing our operational capabilities. Achieving a 99.64% STP rate is the result of our collective focus on harnessing cutting-edge technologies to ensure seamless and efficient payment execution for our clients.”
Since 1997, J.P. Morgan has presented recognition awards to banks that demonstrate superior STP rates, highlighting operational efficiency and innovation in global payment processing. NBB’s outstanding performance reflects its strategic investments in technology and process optimisation, reinforcing its position as a leader in the Kingdom’s financial sector. The Bank remains committed to delivering high-quality services in alignment with its broader goals of supporting Bahrain’s Vision 2030.