Standard Chartered's Regional Chief Executive Officer for the Middle East and North Africa, Shayne Nelson, said: "As a leading and dynamic financial institution in Asia, Africa and the Middle East, we are committed to growth across the region and these awards are a testament to that."
"We are successfully delivering on our growth strategy across the region by combining a winning formula of leading product development and innovation with a team of dedicated and talented bankers. Our ability to offer world-class commercial and capital markets solutions to clients is a key contributor to our winning these prestigious awards."
The Euromoney awards add to some of Standard Chartered's other high profile wins lately including 'Best Trade Finance Bank in the Middle East and North Africa' voted by Trade Finance Magazine and 'Best Project Finance House' from the Euromoney Islamic Finance Awards 2008.
Strong organic growth and disciplined acquisitions have transformed the scale and performance of Standard Chartered in recent years.
Profit after tax increased by 27% in 2007, to just over $4bn, making it the best year ever for the Bank.
"One of our key priorities is to continue building on and enhancing our existing relationships with all stakeholders of the Bank including corporate clients, personal customers and local regulators. This will ensure our success remains sustainable in the long term," ended Shayne.
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Standard Chartered wins major haul of awards at Euromoney Awards for Excellence 2008
- United Arab Emirates: Thursday, June 26 - 2008 at 16:13
- PRESS RELEASE
Standard Chartered has won a major haul of top prizes at the Euromoney Awards for Excellence 2008 including 'Best Cash Management Bank Middle East', 'Best Debt House in UAE' and 'Best Debt House in Kuwait'.
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Note to Editors: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 further information please contact:
Patricia Bentham
Head of Corporate Affairs, Standard Chartered Bank, UAE
Tel: +971 (0) 4 508 2772
Fax: +971 (0) 4 359 4174
Mobile: +971 (50) 654 8287
Posted by Eman HassanThursday, June 26 - 2008 at 16:13 UAE local time (GMT+4)
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