Standard Chartered has successfully closed Emirates Bank's Thai Baht issue, the first Thai Bond by a Middle East entity

Notes and media contacts

Emirate Bank International - EBI is a diversified full service bank. In addition to banking services that span corporate and retail, EBI is active in treasury derivatives, infrastructure finance, private banking and wealth management.

Since 1977 EBI has reported successive years of record profits and consistent growth. Its approach is driven by the ability to create value for its customers by leveraging its skills and expertise. Amongst UAE banks, EBI has the second largest asset base of at 31/12/06 of AED 95.9 billion and FY06 net profit of AED 1,888 million. As on 31/12/06, the bank had financial and investing assets AED 57 billion, the highest of any bank in the UAE.

Its strong franchise, supported by a network of 46 UAE branches is reflected in its recent Moody's/S&P rating of A1/A.

The Government of Dubai owns 76.8% of the bank.
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100 companies by market capitalisation.

Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.

As one of the world's most international banks, Standard Chartered employs almost 60,000 people, representing over 100 nationalities, worldwide. This diversity lies at the heart of the Bank's values and supports the Bank's growth as the world increasingly becomes one market.

With strong organic growth supported by strategic alliances and acquisitions and driven by its strengths in the balance and diversity of its business, products, geography and people, Standard Chartered is well positioned in the emerging trade corridors of Asia, Africa and the Middle East.

Standard Chartered derives over 90 per cent of profits from Asia, Africa and the Middle East. Serving both Consumer and Wholesale Banking customers worldwide, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award-winning solutions.

Trusted across its network for its standard of governance and corporate responsibility, Standard Chartered takes a long term view of the consequences of its actions to ensure that the Bank builds a sustainable business through social inclusion, environmental protection and good governance.

Standard Chartered is also committed to all its stakeholders by living its values in its approach towards managing its people, exceeding expectations of its customers, making a difference in communities and working with regulators.

For more information, please contact:
Niall Mcloughlin
Regional Head, Corporate Affairs
Middle East & Pakistan
Standard Chartered Bank
Tel: +97 14 5070467
Fax: +97 14 3594174

Tony Bush
Division Head, International Banking and Syndications
Emirates Bank International
Tel: +97 14 2260044