"Sharjah Islamic" Receives the prestigious Excellence in Banking Operations Award from… "Deutsche Bank"
Sharjah, December 14 / WAM / Sharjah Islamic Bank received the prestigious Excellence in Banking Operations Award from Deutsche Bank in recognition of its exceptional performance in processing automated payments by achieving a success rate of 99% in transfers in euros and 98% in transfers in US dollars for the year 2024, which reflects a high level of accuracy and reliability in implementing institutional and commercial transfers without human intervention.
The award was received by His Excellency Ahmed Saad, Executive Vice President of Sharjah Islamic Bank, by a delegation from Deutsche Bank, which visited the bank’s headquarters yesterday and included Tsvetanka Nankova, Global Head of Monetary Institutional Sales and Trade Finance at Deutsche Bank, and a number of officials from the bank.
From the bank’s side, Saeed Al Amiri, Head of Investment, Treasury and Financial Institutions Department, attended, along with a number of officials from both sides.
During the meeting, the two sides discussed ways to enhance cooperation in the field of direct electronic processing and developing the international transfer system in line with the best global banking practices.
His Excellency Ahmed Saad stressed that this achievement confirms the success of the strategy pursued by Sharjah Islamic Bank in developing its technological structure and improving the bank transfer system by applying global standards in direct electronic processing and improving the customer experience in the corporate and institutional sectors, which enhances the bank’s position as a reliable authority locally and regionally. It also reflects the integration between the bank’s compliance policies and operational procedures and its ability to align payment systems with the requirements of global correspondent banks, ensuring greater speed and efficiency in processing transfers across banking networks.
This award is considered one of the most prominent international awards in the banking services sector, as it is granted by Deutsche Bank to financial institutions that demonstrate high efficiency in compliance rules, accuracy of processing international payments, and the ability to reduce operational errors to their lowest levels, which reflects positively on the speed of implementation and enhances the confidence of customers and partners in various markets.
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