Southeast Bank wins JP Morgan award

Southeast Bank won "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.

M Kamal Hossain, managing director of Southeast Bank, received a crest and a certificate of the award from Sazzad Anam, executive director and head of financial institutions, treasury service of JP Morgan Chase Bank NA, Bangladesh representative office, at the former's head office in Dhaka on Tuesday.

Southeast Bank exceeded JP Morgan's stringent Straight Through Processing (STP) performance standard by maintaining 99.71 per cent STP in MT103 transaction processing, said a press release. In appreciation of that performance, JP Morgan awarded Southeast Bank.  

Higher officials from both the organisations were also present in the award ceremony.