Chaabi International Bank Offshore has been recognized for its outstanding cross-border payment operations, receiving the 2024 “Straight Through Processing Excellence Award” from Citi Bank. This award highlights the bank’s impressive success in automating payment processing with near-perfect efficiency.
According to the figures behind the honor, the bank achieved a flawless 100% rate for treasury payments and 99.8% for commercial transactions, all processed without manual intervention. These results reflect not only robust operational discipline but also a strong commitment to excellence in handling international financial operations.
This recognition reinforces CIB Offshore’s strategic positioning within the financial landscape. The bank primarily serves businesses operating in Morocco’s industrial acceleration zones, Moroccan companies expanding abroad, and key players in the trade finance sector. It also plays a central role as a support hub for other African subsidiaries of the BCP Group.
This milestone is part of a broader strategy focused on operational excellence, digital innovation, and service quality. By maintaining high performance standards and embracing technology, CIB Offshore strengthens its reputation among global partners and showcases Morocco’s growing expertise in specialized banking services.
