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BRAC Bank gets JP Morgan Chase recognition

  • Staff Correspondent
  • 15 November, 2021 12:00 AM
  • Print news
BRAC Bank gets JP Morgan Chase recognition
JP Morgan Executive Director and Head of Bangladesh Representative Office Sazzad Anam hands over an award to BRAC Bank Deputy Managing Director and Chief Operating Officer Md Sabbir Hossain at the bank’s head office in the capital recently.

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American financial heavyweight JP Morgan Chase has conferred ‘2021 STP Quality Recognition Award’ in four categories to BRAC Bank.

BRAC Bank has been honored in four different categories this year making it the only local bank to have achieved the quadruple accolade. This came on the heels of earning the award in two categories for four consecutive years, said a press release.

Sazzad Anam, Executive Director and Head of Bangladesh Representative Office, JP Morgan, handed over the award to Md Sabbir Hossain, Deputy Managing Director and Chief Operating Officer of BRAC Bank at the bank’s head office in Dhaka recently. Among others, Md Shaheen Iqbal, Head of Treasury and Financial Institutions and Md Muniruzzaman Molla, Head of Operations of BRAC Bank were present.

BRAC Bank achieved Elite Quality Recognition Award in US dollar clearing for scoring MT202 STP rate of 99.72 percent whereas Standard Quality Recognition Award was given in both MT103 and MT202 for achieving STP rate of 98.77 percent and 99.66 percent respectively.