ADCB and Standard Chartered launch the inaugural AED Eurobond issued by a bank

Notes and media contacts

Abu Dhabi Commercial Bank:
ADCB is a diversified full service bank. In addition to banking services that span corporate and retail. ADCB is active in treasury derivatives, infrastructure finance, private banking and wealth management.

Since 1985 ADCB has reported successive years of record profits and consistent growth. Our approach is driven by the ability to create value for our customers by leveraging our skills and expertise. Amongst UAE banks, ADCB has the second largest deposit base and total assets as at 30/06/2005 of AED 68.4 billion and FY06 first six months net profit of AED 1,198 million, the highest of any bank in the UAE for the period.

Our strong franchise, supported by a network of 42 UAE branches and 2 branches in India is reflected in our recent Moody's rating of Aa3, which is the highest awarded to a bank in the Middle East.

The Government of Abu Dhabi, through Abu Dhabi Investment Authority (ADIA), holds 65% of the capital while the rest is held by various UAE institutions and nationals. ADCB's market capitalization as of 30/06/2006 was AED 31.3 Billion (US$8.52 Billion).


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 Stock Exchange of Hong Kong 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 is in many of the world's fastest-growing markets with an extensive global network of over 1,200 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 50,000 people, representing over 90 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 uniquely 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:
Hussain Zaidi
Manager, Fixed Income Origination
Middle East & Pakistan
Standard Chartered Bank
Tel: +97 14 5070352
Fax: +97 14 3597167

Niall McLoughlin
Regional Head of Corporate Affairs, Standard Chartered Bank
Tel: +971 (0) 4 5070467
Fax: +971 (0) 4 3594174
Mobile: +971 (0) 50 6251329


Rajesh Raheja
Vice President, Debt & Capital Markets
Treasury & Investment Division
Abu Dhabi Commercial Bank
Tel: +97 12 6962975
Fax: +97 14 6450583