Standard Chartered continues expansion drive in the UAE

The new branch is part of a dynamic expansion plan the Bank has embarked on to increase its distribution footprint and to be located in close proximity to its increasing customer base.

"We have been working on executing our expansion plan for the UAE and have been targeting areas and services which are more tailored to our customers needs," said Shayne Nelson, Regional CEO of Standard Chartered Bank, MENA. "This latest branch opening follows on from the launch of our Emaar Business Park Branch with a fully dedicated mortgage centre, our dedicated SME Banking Centres in both Abu Dhabi and Dubai and more recently, the launch of the regions largest dealer trading room in our DIFC building."

The closure of the relatively smaller Deira branch and the opening of the spacious new branch marks the Bank's eleventh UAE branch, since it opened 50 years ago, making it the largest international operator of branches and ATMs - which has now increased to 128 - in the UAE.

Chris de Bruin, Head of Consumer Banking for Standard Chartered Bank, UAE said, "This new branch provides customers with a full range of services including increased service counters for Teller services, Account and Credit Card services; opening of current, saving and investment accounts; a fully dedicated SME team centre with 14 meeting rooms to provide business related services to one of the fastest growing business areas of the Bank, a Priority Banking Centre and a 24 hour auto lobby for ATM and CDM withdrawals and deposits."