PBB BAGS FOUR-PEAT with J. P. MORGAN US Dollar Clearing Elite Quality Recognition Award
March 23, 2026
PBB has once again made waves in the financial world by clinching the prestigious US Dollar Clearing Elite Quality Recognition Award for the fourth consecutive year! This remarkable achievement highlights PBB's commitment to excellence, achieving an astounding Best-In-Class MT103 Straight Through Processing (STP) rate of 99.97% for 2025.
This accolade is no small feat—it reflects PBB's outstanding performance, consistently exceeding the rigorous STP standards set by JP Morgan. To put it in perspective, PBB's STP rates were already impressive in previous years: 99.92% in 2024, 99.94% in 2023, and 99.91% in 2022.
Since 1997, JP Morgan has acknowledged exceptional US Dollar clearing clients who showcase remarkable operational excellence through accurate and efficient SWIFT payment formatting. Only those who achieve an STP rate above 99.70% are granted this honor. PBB has not only met but consistently surpassed these challenging benchmarks, proudly maintaining an impressive average STP rate of 99.94% over the past four years.
This recognition underscores PBB's dedication to excellence and its ability to lead in the competitive landscape of financial services. Here's to continued success and maintaining that top-tier standard!
(L-R) From J.P. Morgan: Pristine Rigos, Client Service Account Manager, Evelyn Chiqui Magno, Vice President, Financial Institution Sales (Phil.), Charissa V. Mendoza, Client Service Account Manager, Kat Rodriguez, Executive Director, Financial Institution Sales Payments. From PBB: Rolando R. Avante, V. Chairman & PCEO, Camela S. Villanueva, SAVP/Head of Operations and Control Group, Frenchen N. Lana, Head of Fund Transfer Section, Arnold A. Labonete, Head of International Banking Center.
