Standard Chartered’s shines in Middle-East
Submitted by Kunal Kamat on Thu, 08/04/2011 - 03:54
Regional uncertainties prevailing in the market failed to deter growth of Standard Chartered that posted a growth of 7 per cent in the Middle East and South Asia, or Mesa, region. Bank’s operating profit before tax stood at $429 million led by a vibrant growth in the UAE despite unrest in the neighbor regions. UAE accounts for 60 per cent of the regional income and 80 per cent of the profit of the firm.
4% growth in StanC's UAE business
Submitted by Isha Sondhi on Mon, 12/13/2010 - 16:51
As per the Standard Chartered Bank ''Economic Outlook 2011', there is economic recovery happening in UAE and that makes the region one of the most sought after one in the region. This is good news considering the fact that economic recovery has come after a long wait of deadlock that came to be seen since December 2009.
Standard Chartered to widen its team of relationship managers
Submitted by Faarooq Mehmood on Thu, 04/01/2010 - 17:58
International lenders having presence in the United Arab Emirates are planning to increase their headcount across its various segments. The move is aimed to satisfy human resource needs of the banks for implementing their growth projects during the year.
Shankar named as Middle East Chief by Standard Chartered
Submitted by Faarooq Mehmood on Tue, 03/23/2010 - 17:19
On Monday, V. Shankar was named as chief executive for the Middle East division by Standard Chartered Bank PLC, one of the main creditors to debt-laden Dubai World.
Mr. Shankar, who will be based in Dubai and will report to Peter Sands, group chief executive of Standard Chartered, will also be looking over the bank's business in Africa, the Americas and Europe.
Standard Chartered draws expansion plans in Dubai
Submitted by Faarooq Mehmood on Fri, 03/19/2010 - 19:31
Standard Chartered Plc., one of the leading international banks, has been eying on tapping large scale business opportunities present in the Middle-East market especially in Dubai. The bank would expand its presence in Dubai opening new offices and investing more in the highly potential market.
Net Interest Margin expected to plunge more this year by Standard Chartered HK CEO
Submitted by Faarooq Mehmood on Thu, 03/04/2010 - 21:15
On Thursday, Standard Chartered PLC's Hong Kong unit told that this year, its net interest margin may decrease even more as interest rates are unlikely to rise significantly in the near future.
Dubai Trade and Standard Chartered Bank inks pact on Online Payment Service
Submitted by Faarooq Mehmood on Sat, 05/16/2009 - 03:29
Dubai Trade, Dubai World’s online service provider, has revealed that it has clinched an agreement with Standard Chartered Bank with the aim to allow the lender’s clients to make use of the trade facilitator’s ROSOOM online payment gateway.
According to sources, Dubai Trade’s e-payment gateway helps electronic payment for services provided by entities directly concerned with commercial transactions.
