Chaabi International Bank Offshore (CIBO), the offshore banking subsidiary of BCP Group, announced on August 5, 2025, that it has received the Straight Through Processing (STP) Excellence Award 2024 from Citi Bank. The award recognizes the bank's automated payment processing performance. CIBO achieved processing rates of 100 percent for treasury payments and 99.8 percent for commercial payments. The award acknowledges the operational standards and process quality implemented by the subsidiary in managing international operations. The bank stated that the distinction confirms its commitment to providing clients and partners with secure services aligned with international standards. CIBO focuses its strategy on operational performance, digital innovation, and service quality in cross-border payment processing. Chaabi International Bank was founded in 2005 as a BCP Group subsidiary. The institution serves companies operating in Morocco's industrial acceleration zones and supports Moroccan enterprises in their internationalization processes. It also works with regional trade finance operators. The bank operates as the principal funding source and banking correspondent for various BCP Group subsidiaries based in approximately twenty African countries. CIBO specializes in cross-border payments and international banking operations for corporate clients.
