The Bank submitted documentation to the Iranian authorities in 2003, and has received the first licence granted to an international bank. This is a landmark approval by the Iranian government.
David Edwards, Regional General Manager for the Bank's operations in the Middle East and South Asia, said: "With a long history of valued partnerships in this region, this is a key step in ensuring we can bring our expertise and network to benefit our customers in Iran and around the region."
Standard Chartered currently has a representative office in Iran. In 1959, the Chartered Bank joined in the creation of the Irano British Bank, which was nationalised after 1979. A representative office was re-established in 1993.
Since then, the Bank has become a key member of the international banking community in Iran, specialising in structuring tailored solutions for customers and Iranian counterparties. The Bank has a strong focus on corporate and trade finance, syndications, and cash management.
With over 50 years presence in many countries across the Middle East, the Bank has considerable experience in operating in Middle Eastern markets. Standard Chartered is one of the leading international banks in the Middle East and South Asia.
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Standard Chartered receives Kish Island branch licence
- Iran: Thursday, July 22 - 2004 at 17:00
- PRESS RELEASE
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Standard Chartered Bank announced today that it has received a licence to open a branch in Iran's Kish Island free zone.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, July 22 - 2004 at 17:00 UAE local time (GMT+4)
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For further information please contact:
Paul Marriage, Group Head of Corporate Communications
+44 207 280 7163
Cindy Tang, Regional Head of Corporate Affairs, MESA
+971 4 50 70 475
Caoimhe Buckley, Media Relations Manager
+44 207 280 6170
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 10 countries. The UAE is one of the Bank's major markets, and Standard Chartered has a commanding share of the market in its chosen market segments. Overall, the Middle East and South Asia region contributed over 11% of the Group's revenues in 2002, clearly demonstrating the Bank's strong network and expertise in the region.
Paul Marriage, Group Head of Corporate Communications
+44 207 280 7163
Cindy Tang, Regional Head of Corporate Affairs, MESA
+971 4 50 70 475
Caoimhe Buckley, Media Relations Manager
+44 207 280 6170
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 10 countries. The UAE is one of the Bank's major markets, and Standard Chartered has a commanding share of the market in its chosen market segments. Overall, the Middle East and South Asia region contributed over 11% of the Group's revenues in 2002, clearly demonstrating the Bank's strong network and expertise in the region.
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