Standard Chartered Bank introduces A2A

Remit money into any Standard Chartered account in India from your Standard Chartered account in Bahrain with a push of a button

14 January 2010, Manama, Bahrain Standard Chartered Bank Bahrain announces the launch of ATM to Account (A2A), an enhanced remittance option for its Non-Resident Indian (NRI) customers based in Bahrain. Through this service, customers will now be able to remit money from a Standard Chartered ATM in Bahrain to any account with Standard Chartered Bank India instantaneously for a nominal fee of only BD1. This service will afford our NRI customers the convenience of remitting funds anytime, day or night.

This service has been launched jointly with Standard Chartered Bank, India with the main objective of enhancing and providing a cheaper and faster remittance solution to its NRI customers in Bahrain. We will be extending this feature to include other Standard Chartered markets in the near future.

The features of the remittance service are highlighted below.

• Instant credit to the beneficiary's account with Standard Chartered Bank India
• Low charge of BD 1 compared to traditional modes of money transfer!
• No paperwork or separate registration involved
• Exchange rates are known upfront

"For all expatriates in Bahrain, remitting money back home to their loved ones is becoming increasingly important. A2A is designed with the consumer's needs and is a very convenient method to remit money. The products will accelerate our objective of becoming the "Best Remittance Solution Provider" for our customers and will help in growing our Non Resident customer base significantly. A2A reduces the complexities and ensures convenience whilst maintaining its original intention of remitting money for a specific purpose, said B. Chandrasekhar, Regional Head of Consumer Banking, Standard Chartered Bank, Northern Gulf, Levant and Oman.

For further information on Standard Chartered A2A service, please contact the nearest Standard Chartered Branch or call 17 526 237.

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 076
E-mail: Nimmi.Kamal@sc.com

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.

The group 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. For more information, please visit: www.standardchartered.com