Southeast Bank wins JP Morgan award
Southeast Bank Limited has "The 2022 US Dollar Clearing Elite Quality Recognition Award for Outstanding Achievement of Best-in-Class" of JP Morgan Chase Bank, NA, the largest bank in the United States and the fifth-largest bank in the world in terms of total assets.
The bank's managing director, M Kamal Hossain received the Award from Sazzad Anam, the executive director and head of financial institutions, Treasury Service of JP Morgan Chase Bank NA, Bangladesh Representative Office, said a press release.
Southeast Bank exceeded JP Morgan's stringent Straight Through Processing (STP) performance standard by maintaining 99.71% STP in MT103 transaction processing.
In appreciation of that performance, JP Morgan awarded Southeast Bank, the press release added.
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At the award ceremony, other officials from both organisations were also present.
