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Global Finance names Standard Chartered as Best Bank for Liquidity Management in Middle East

Award recognises bank’s excellence in the region

10 February 2013 , | United Arab Emirates - Standard Chartered was named “Best Bank for Liquidity Management in the Middle East 2013” for the second consecutive year by renowned international finance magazine, Global Finance.

Farooq Siddiqi, Regional Head of Transaction Banking Middle East, North Africa and Pakistan, Standard Chartered
Farooq Siddiqi, Regional Head of Transaction Banking Middle East, North Africa and Pakistan, Standard Chartered - Download Picture

A variety of subjective and objective criteria were used for choosing the winners. Factors considered include: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision. In addition, for the first time, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.

Commenting on the award, Farooq Siddiqi, Regional Head of Transaction Banking, for Middle East and North Africa, Standard Chartered said:

"Traditionally, Standard Chartered is renowned as one of the best trade finance banks globally. Over the past few years, we have increased our focus on developing our product and infrastructure capabilities to build our liquidity and treasury management offering. This award comes as recognition to our efforts to provide our clients with holistic transactional financial solutions across our footprint of Asia, Africa and the Middle East."

Standard Chartered has held several seminars and conferences for its clients in the region. Over the past few years, the bank has been investing in its technological platform to provide integrated conventional and Islamic Banking Working Capital Management solutions for its clients in the region.

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For more information, please call:
Ramy Lawand
Senior Regional Manager, Business Communications,
Tel: 009714 508 2564
Mob:+971 56 675 9894
E-mail: Ramy.Lawand@sc.com

Note to Editors:

Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for nearly 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.

For further information please visit www.sc.com/ae. Follow Standard Chartered at www.facebook.com/standardchartereduae and on Twitter @StanChartMENAP.

Or contact:
Orient Planet PR & Marketing Communications
P.O. Box: 500266,
Dubai, United Arab Emirates,
Tel: 00971 4 456 2888
Fax:00971 4 454 9528
E-mail: media@orientplanet.com
Website: www.orientplanet.com


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