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StanChart to further expand in MEA
- Middle East: Thursday, March 14 - 2013 at 05:16
Standard Chartered, the UK's second-largest bank by market value, is considering plans for a further expansion in the Middle East and Africa from its regional base in Dubai, which is rising as a financing hub for cross-border trade and investment, Financial Times has reported. "Where there is trading growth, these are our markets," said V Shankar, the bank's chief executive for Europe, the Middle East, Africa and the Americas. The bank is currently in the process of upgrading its representative office in Erbil to a branch and expanding the network to Baghdad and Basra.
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