Standard Chartered Bank Conducts Trade Training for Y.K. Almoayyed Group Executives

10 November 2009, Bahrain

Standard Chartered Bank Bahrain conducted its fourth trade training program for over 20 executives of Y.K. Almoayyed Group. This is an ongoing initiative rolled out in stages to all our corporate clients since June 2009. The workshop covers the application of international trade finance, in particular Letters of Credit and a better understanding of UCP 600 towards day-to-day trade transactions. The Y.K. Almoayyed Group executives benefited from the training as it would further assist in their daily business decisions.

During the training, Hussain Shirazie, Director and Head of Transaction Banking, Bahrain, Northern Gulf and Levant opened the session by sharing the Bank's local and global service and product capabilities which was then followed by a presentation from Aravind Kumar, Manager Trade Operations.

Standard Chartered Bank believes in being the 'Right Partner' to our clients by continuously improving the way we work and sharing value added information on updated trade related information. As partners, we will take every opportunity to ensure that our customers are provided not only with the right products and services but also through the sharing of knowledge and business practice. As a leading international bank, we offer extensive range of business solutions to cater to the banking needs of small to multinational companies across Asia, Africa and the Middle East.

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