Repositioning SME in UAE
Important notice – Standard Chartered Bank UAE
Thank you for visiting. We regret to inform you that we have discontinued our SME business in the UAE as part of our broader effort to sharpen our strategic focus and exit non-strategic businesses, including those where increased regulatory costs would undermine their economic viability.
We will retain a select number of clients from this segment in the UAE. They will now be serviced under our newly created Commercial Clients segment, which looks at banking mid-sized enterprises. Our strategic focus will be on clients that intend to trade, expand and invest across Asia, Africa and the Middle East.
The UAE remains one of Standard Chartered’s leading franchises globally and this move allows us to reposition for further growth by focusing our efforts on Corporate and Institutional, Commercial, Private, Retail and Islamic Banking.
We recognise the inconvenience this may cause our valued customers and hope that you will explore the other services that we continue to offer in the UAE. For further enquiries, please feel free to contact your Relationship Manager or call us on +971 (4) 508 3110.