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Standard Chartered wins awards.

MANAMA: Standard Chartered's SME banking business was recognised as the Best SME Internet Banking Provider and Best SME Foreign Exchange Service Provider for 2012 by Banker Middle East.

The bank received the awards at a ceremony held in Dubai.

The Banker Middle East Product Awards recognise financial products and services for their innovation and their excellent financial results and how they contributed to gain market share for banks operating in the region.

"Small and medium enterprises (SMEs) in the Middle East have strong international trade needs," said Standard Chartered Middle East SME banking general manager Sadia Saeed.

"Competitive foreign exchange services and world-class online solutions are critical for SMEs to facilitate these needs.

"For the last few years, Standard Chartered has invested in its online platform and human resources to develop products and services designed to meet the needs of our customers."

"With SMEs in the region trading more with Asia and Africa than with Europe and the US, we are ideally positioned to leverage our strong footprint in these markets to the benefit of our customers," he added.

Standard Chartered Bank launched its dedicated online banking platform Straight2Bank for SMEs in April last year and it has been well received by customers.

The bank also has a treasury team dedicated to SMEs that helps them manage their foreign currency risks and provide competitive foreign exchange rates.

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Publication:Gulf Daily News (Manama, Bahrain)
Geographic Code:70MID
Date:Apr 13, 2012
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