Bangkok--22 May--Bangkok Bank
Bangkok Bank has received the 2005 Quality Recognition Award from JP Morgan Chase Bank. The award recognizes the bank for its outstanding performance in efficient international funds transfers in US dollars, assuring a fast and accurate funds transfer service to customers. It is the second consecutive year that the Bank has won the award.
Bangkok Bank is one of nearly 5,000 worldwide correspondent banks which use the US dollar clearing services of JP Morgan Chase Bank. Only one percent of these banks qualified for the 2005 Quality Recognition Award.
The criteria for selecting the winners include the level of automated processing as a percentage of the volume of payment instructions. In 2005 Bangkok Bank achieved a successful processing rate of 94.10 percent.
Bangkok Bank Vice President for the Global Payment Services Department, Ms. Usana Wanachate, said, “Winning the 2005 Quality Recognition Award is a great honor for the bank and is due to our years of experience in handling international funds transfer businesses, efficient funds transfer operations management , modern technology, high quality and well-trained personnel.”
“In view of increasing challenges in the market, Bangkok Bank is determined to always deliver an exceptional quality of international funds transfer services to maximize customers satisfaction.” she concluded.