Printer Friendly

-Standard Chartered launches account for SMEs.

Global Banking News-February 28, 2012--Standard Chartered launches account for SMEs(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 28 February 2012

Standard Chartered (LSE: STAN) has announced that it has launched an account meant for SMEs in the UAE.

The bank said that its SME Business Essentials account would provide various financial services to Small and Medium Enterprises (SME) in the UAE. The launch is part of the bank's plan to step up support for SMEs in the country.

Customers of the SME Business Essentials Account will need to maintain an average monthly balance of AED500,000 and will get access to trade finance solutions, investment services and preferential rates on term deposits, foreign exchange rates, outward telegraphic transfers and payroll rates.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Feb 28, 2012
Words:146
Previous Article:-BT Radianz Cloud to get access to ING services.
Next Article:-RHB Capital reports drop in profit.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters