22/05/2006

BoP achieves the JP Morgan Chase Bank Elite Quality Recognition Award for 2005 Bank of Palestine LTD was presented with JP Morgan Chase 2005 Elite Quality Recognition Award for straight through payments. This honor is in acknowledgment of the consistent, high quality performance and standards BOP operations management and staff have maintained for the past year. Since 1997, JP Morgan has presented this award to those banks who achieve a best –in-class level of operating excellence. Less than 1% of JP Morgan total funds transfer clients were able to meet the criteria to qualify for the award. Bank of Palestine LTD. have been able to maintain outstanding levels for consecutive years as a leader in meeting today’s operating challenges.