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Standard Chartered Bank sponsors 2005 Dubai Marathon

  • United Arab Emirates: Tuesday, May 25 - 2004 at 14:13
  • PRESS RELEASE

Standard Chartered Bank, one of the top foreign banks operating in the UAE, has become the title sponsor of the Dubai Marathon 2005, which is held under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence.

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The race is scheduled to take place on January 7, 2005.

The Standard Chartered Bank Dubai Marathon joins other major international marathons backed by the global bank, including those in Singapore, Hong Kong, Nairobi and Mumbai.

"Standard Chartered Bank's support of the Dubai Marathon is in line with our organisation's international positioning within the communities that we serve. Individuals who take part in marathons are exceptional and that is what Standard Chartered Bank strives to be as a financial institution," said Ray Ferguson, Chief Executive of Standard Chartered Bank in the UAE.

Sponsorship of the 42km, 10km and 3km runs in the Dubai Marathon 2005 reflects the bank's commitment to corporate social responsibility and engagement with the community. While the 10 km race is for recreational or novice runners, the 3 km race is a fun event for all the family.

"Financial health goes hand-in-hand with physical well-being, and the Dubai Marathon is a fantastic event that Standard Chartered Bank fully supports. We hope to assist in the development of the Dubai Marathon into a premier international sporting event and a must-participate occasion for the local community," added Ferguson.

Ferguson himself intends to run the 10km event, alongside many of his colleagues, while individuals, corporations, schools, hotels, banks and government organisations are all being encouraged to take part in sector-specific categories with a host of individual and group prizes on offer.

"We believe every corporation should have a direct, positive involvement in the communities in which it operates. Through sponsorship of the Dubai Marathon, we are leading the way for other institutions to become involved with improving the health of UAE society and the wider international community," he continued.

"We have a unique franchise, filled with a tremendous amount of drive, energy and creativity. Our brand promise is to be the Right Partner for our customers. Supporting the Dubai Marathon allows these two to come together into what we anticipate will be a great and global event that reaffirms Standard Chartered's international credentials."

Standard Chartered's announcement of its involvement with Dubai Marathon 2005 coincides with its International Partnership Week initiative being held from May 22 - 27, 2004. The initiative focuses on what it means to be 'international' — one of the core values and an integral part of Standard Chartered Bank's strategic intent — to be the world's best international bank. Partnership is the other key focus area with which the bank embraces its brand promise to be 'The Right Partner' to key stake holders.

"This is a significant part of our journey to 'Build the best bank in the UAE,' which aims at galvanising staff across all our different countries and makes them feel part of one international bank. Partnering internationally will help demonstrate how we can all work together across cultures and bring the Right Partner to life," said Ferguson.

Peter Connerton, Event Director, said: "The Standard Chartered announcement has strengthened our position and I am extremely encouraged by the continuing development of the Dubai Marathon, which will see the event consolidate a place amongst the world's elite events."

The Dubai Marathon will be held on Friday, January 7, 2005, with the main 42km event starting at 7.00am. The 10 kilometres Road Race starts at 7.30am, while the 3-kilometre Fun Run will start at 11.30am.
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Notes and media contacts

Registration will open soon with the closing date for international entries being December, 2004. For local registrations the closing date is January 4, 2005.

Entry forms will be available from the UAE-wide network of nine Standard Chartered Bank branches, in Dubai, Abu Dhabi, Sharjah and Al Ain as well as online at www.dubaimarathon.org. There will also be a registration booth at Deira City Centre nearer the event. Details of the registration process will be announced in the media within the coming months.

Ferguson concluded: "We see this event as assisting the Government of Dubai in its global initiative to position the emirate as a leading destination for sports and leisure activities in the Middle East. It will be another component in Dubai's international marketing initiatives."

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. It is one of the world's most international banks, with a management team comprising 70 nationalities.

Standard Chartered is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.

It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, security services, foreign exchange, debt capital markets and corporate finance.

Standard Chartered is well-established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.

The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates.

Standard Chartered in the Middle East and South Asia

One of the leading international banks in the region, Standard Chartered has a branch network of 76 branches in 12 countries.

The UAE is the Bank's fourth largest market globally, and Standard Chartered has a commanding share in its chosen market segments. In the UAE, Standard Chartered has a network comprising nine branches and 22 automated teller machines (ATMs). A leader in investment services, credit cards, and personal loans, Standard Chartered is also the leading provider of cash management trade finance, and treasury products and services in the UAE.

Overall, the Middle East and South Asia region contributed over 11% of the Group's revenues in 2003, clearly demonstrating the Bank's strong network and expertise in the region.

For further information, contact:

Sanjoy Chowdhury,
Manager Corporate Affairs,
Standard Chartered Bank,
PO Box 999, Dubai.
t: +971 4 5070518 f: +971 4 3594174

Robin Duff,
MCS/Action,
PO Box 20970, Dubai.
t: +971 4 3902960 f: +971 4 3908161

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