The Central Bank of Lebanon (BDL) received J.P. Morgan’s “Elite Quality Recognition Award for Outstanding Achievement” for the quality of its services and operations for the year 2017. The bank managed to excellently and carefully execute all the operations with J.P. Morgan. Also, it achieved a straight through processing (STP) rate greater than 99 percent which means that the transactions between BDL and J.P. Morgan were fast and accurate. The award was received by the Governor of the Lebanese Central Bank Riad Salameh with the presence of the Executive Director Numan Nador, General Manager of J.P. Morgan in the Levant Jusan Maalouf, and Thoraya Raad of J.P. Morgan. J.P. Morgan is a global leader in financial services. It offers solutions to leading institutions and governments in over 100 countries. This firm is fully equipped to address global economic challenges. This isn’t the only achievement of BDL for this year! Riad Salameh was ranked among the
out of 89 bankers by Global Finance Magazine for 2017. Salameh managed to maintain the economic stability of Lebanon despite the situation in the country and neighboring regions. According to the World Bank, the GDP in Lebanon grew by 2.5% in 2017. Also, the Governor protected the value of the Lebanese pound and kept it stable.