-Standard Chartered launches account for SMEs.
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.
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