Friday 21 November 2014
 
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Standard Chartered Bank

StanChart may axe 100 branches in revival plan

Asia-focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 per cent of its network, to help save $400 million a year to improve profitability. The bank is under pressure to improve performance after

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Bahra Cables receives $265m Islamic financing

Bahra Advanced Cable Manufacturing Company, a leading cable manufacturing company in Saudi Arabia, has received an Islamic financing of $265 million from Standard Chartered bank. The company will utilise $200 million as a short-term Isl

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StanChart launches custody services in Jordan

Standard Chartered Bank has received written confirmation of its licence to provide custody services for clients in Jordan. The move makes Standard Chartered the leading international custody services provider in the region and th

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StanChart Bahrain elects new council

Standard Chartered Bank Bahrain has elected its first 14-member employee Engagement Council (EC), which has been designed to have fair and objective representation from each of the functions and departments in the bank. The counci

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StanChart launches Euro Nostro account

Standard Chartered launched the industry's first Islamic Euro Nostro account, enabling Islamic banks across the world to earn Sharia-compliant profits on their account balances at the bank's branch in Frankfurt. A Nostro a

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StanChart handles first paperless trade

Standard Chartered Bank has announced that it has facilitated the first end-to-end automated trade finance transaction with the bank payment obligation (BPO) through its Straight2Bank platform. The transaction was carried out between BP’s

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StanChart sees solid growth for commodities

Standard Chartered Bank's commodities trading unit may post a double-digit growth in 2012, as it boosts its share in the Asian market while the global financial crisis forces rivals to pare down operations in the region, a senior executive sai

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StanChart to hold forum in Dubai

Standard Chartered has announced that its annual Standard Chartered Forum will be held in Dubai on the May 15, under the title ‘The New Normal: Markets Emerging in the Super-Cycle’. The one-day forum is an annual leadership event that is

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StanChart hosts major Dubai forum

Standard Chartered Bank recently hosted the Emerging Markets Traders Association’s (EMTA) forum in Dubai which was attended by more than 100 Bank clients comprising top executives and traders from the region. The Dubai forum is part of the

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StanChart holds investor roadshow

Standard Chartered has announced that it has conducted a no-deal investor roadshow for international investors from Asia, Europe, UK and US, who visited over 20 issuers from Riyadh, Abu Dhabi, Dubai, Manama and Doha. The initiative was ai

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