For the 3^rd successive year, AAIB has received international recognition from JP Morgan and awarded “The Quality Recognition Award for Outstanding Achievements 2009/2010 – Best In Class STP Rates”.

The award is received in recognition of AAIB’s high percentage of accuracy level for fully automated commercial SWIFT payment.

The positive impact of FAST (fully automated straight through) payment beside the well market positioning, is the direct cost reduction in processing our commercial SWIFT payment, reducing the burden cost of manual repair and saving an esteemed approximate of $ 45000.00 annually (compared to accuracy level 3 years ago)

In 2009 with persistent enhancement, AAIB has reached an accuracy level of 95.49% surpassing the J.P. Morgan Global clearing bench mark set at 92% and exceeding by far Egyptian banks average percentage ranging from 80 to 85%.