Qatar Islamic Bank (QIB) said on 27 September that it received Citi’s 2026 Straight Through Processing (STP) Excellence Award for international payments. The bank reported a 99.7% STP rate in commercial payments and said the award recognized that performance. It was presented at QIB’s headquarters. The bank’s announcement did not specify the measurement period, transaction count or calculation scope for the rate.

STP means a payment is processed automatically without manual intervention; in foreign-currency payments, that can reduce processing time and manual handling. QIB attributed its result to its controls and payment infrastructure, but published no independent audit, comparison period or transaction volume. The 99.7% should therefore be treated as a bank-reported performance indicator; it does not mean every customer payment follows the same path or that payment is completed instantly.