Southeast Bank PLC has received “The 2025 US Dollar Clearing Elite Quality Recognition Award for Outstanding Achievement of Best-in-Class” from JP Morgan Chase Bank NA, recognising its performance in US dollar clearing operations.
The award was presented in appreciation of the bank’s Straight Through Processing (STP) performance, where Southeast Bank maintained 99.71 per cent STP in MT103 transaction processing, exceeding JP Morgan’s prescribed standards, according to a press release.
Southeast Bank PLC Chairman M A Kashem attended the ceremony as chief guest and received the award from JP Morgan Chase Bank NA Bangladesh Representative Office Executive Director and Head of Financial Institutions Treasury Service Sazzad Anam.
Southeast Bank PLC Managing Director and CEO Md Khalid Mahmood Khan was present at the event, along with the bank’s Additional Managing Directors, Deputy Managing Directors, divisional heads and other senior officials.
JP Morgan Chase Bank NA is the largest bank in the United States.
The recognition highlights Southeast Bank PLC’s compliance with international clearing benchmarks and its operational efficiency in processing US dollar transactions.
