CAE wins JP Morgan Chase Bank Quality Recognition awards for outstanding achievements of 2010 & Best-in-Class STP rates

Press release
Published August 11th, 2011 - 06:23 GMT
Crédit Agricole Egypt team
Crédit Agricole Egypt team

Crédit Agricole Egypt has been able to maintain outstanding Straight Through Processing performance levels for the second consecutive year for both MT 103 & MT 202 Payments. Moreover, CAE has won for the first time, a Third AWARD for book transfers (one from only two banks in Egypt and North Africa Region). CAE has joined an elite group of banks that understands the benefits of cost saving and processing efficiencies. 

The JP Morgan Chase Bank awards demonstrate CAE commitment to quality offered to its clients; this designates the organization as an industry leader in achieving all clients’ requests in an operational excellence which always proves its moto: “More than promise … a commitment”.

The awards were handed by Mr. Ali Moosa, Managing Director, Treasury Services - JP Morgan Chase Bank to Mr. Jean Pierre Pallard – Chief Operations Officer, Credit Agricole Egypt in the presence of Mrs. Soha Ali, Senior Country Officer, Egypt & North Africa Region - Treasury Services and Mr. Sonam Kapadia, Executive Director, Global Trade – JP Morgan Chase Bank and Mrs. Sayonara Elasmar, Head of Operations. The relationship with JP Morgan Chase Bank is handled by the Trade Finance and Correspondent Banking Dept. within the Coverage & Corporate Banking Division headed by Mr. Sebastian VANDERLIST.

Background Information

Crédit Agricole Egypt

Crédit Agricole Egypt is a subsidiary of the Crédit Agricole Group, a market leader in Universal Customer-Focused Banking in France and one of the largest banks worldwide. With operations in 50 countries, Crédit Agricole Group seeks to serve the real economy by supporting its clients’ projects in all areas of retail banking and associated specialized business lines. Emphasizing its values and commitment, Crédit Agricole Group is the bank of common sense. It puts the satisfaction and the interests of all its customers, employees and shareholders at the heart of its activities.

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