Standard Chartered Holds Conference on Working Capital Management

Client Conference discusses trends and issues in liquidity management

Standard Chartered held today a client conference to discuss trends and issues in liquidity management in Bahrain. The event was attended by over 25 senior finance and treasury representatives of the Bank's clients. The event comes at an ideal time when recovery from the quarter one financial slowdown in the Kingdom is underway and the pressure on optimal working capital management and return on investment dictate that surplus cash be put to use.

The forum focused on how organizations are managing their liquidity needs and position during this period, cash flow pressure and optimal working capital management, covering topics such as Cash flow forecasting, liquidity and working capital management and Control of the flow of Funds.

Commenting on the importance of such conferences, Hussain Shirazie, Head of Transaction Banking, Standard Chartered Bahrain said: "Working Capital Management is one of the key issues that companies are looking at to ensure enough liquidity to fund their operations and to maintain a healthy balance sheet. As the first bank in Bahrain, we are continuously committed in being here for our clients to provide them with an ideal platform such as this conference, to network and share our global expertise. It also is part of our continuous efforts to deepen our client relationships and develop further understanding of their business requirements and needs."

Standard Chartered regularly holds conferences and seminars for its clients to discuss the latest issues and trends in the finance industry in general and their business in particular.

For further information, please contact:

Nimmi Kamal
Head of Corporate Affairs
Mobile: 00973 39770760
E-mail: Nimmi.Kamal@sc.com

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

Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and 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.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 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. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.

For more information on Standard Chartered, please visit: www.standardchartered.com