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StanChart closes 3 shipping deals worth $1.6bnStandard Chartered Bank, a leading multinational banking and financial services company, has completed three shipping finance deals worth over $1.6 billion, for clients in Asia and the Middle East. These transactions highlight Sta More… |
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GE, Trade Bank of Iraq, StanChart sign MoUGE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have signed a financing memorandum of understanding (MoU) to accelerate the development of power and infrastructure projects in Iraq. The agreement also underlines the More… |
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Ithmaar wins e-payment excellence awardIthmaar Bank, a Bahrain-based Islamic retail bank, announced that it achieved exceptional operational efficiency in 2014 to earn an excellence award from Standard Chartered Bank. The bank was awarded the ‘Straight Through Pr More… |
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StanChart may axe 100 branches in revival planAsia-focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 per cent of its network, to help save $400 million a year to improve profitability. The bank is under pressure to improve performance after More… |
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Bahra Cables receives $265m Islamic financingBahra Advanced Cable Manufacturing Company, a leading cable manufacturing company in Saudi Arabia, has received an Islamic financing of $265 million from Standard Chartered bank. The company will utilise $200 million as a short-term Isl More… |
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StanChart launches custody services in JordanStandard Chartered Bank has received written confirmation of its licence to provide custody services for clients in Jordan. The move makes Standard Chartered the leading international custody services provider in the region and th More… |
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StanChart Bahrain elects new councilStandard Chartered Bank Bahrain has elected its first 14-member employee Engagement Council (EC), which has been designed to have fair and objective representation from each of the functions and departments in the bank. The counci More… |
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StanChart launches Euro Nostro accountStandard Chartered launched the industry's first Islamic Euro Nostro account, enabling Islamic banks across the world to earn Sharia-compliant profits on their account balances at the bank's branch in Frankfurt. A Nostro a More… |
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StanChart handles first paperless tradeStandard Chartered Bank has announced that it has facilitated the first end-to-end automated trade finance transaction with the bank payment obligation (BPO) through its Straight2Bank platform. The transaction was carried out between BP’s More… |
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StanChart sees solid growth for commoditiesStandard Chartered Bank's commodities trading unit may post a double-digit growth in 2012, as it boosts its share in the Asian market while the global financial crisis forces rivals to pare down operations in the region, a senior executive sai More… |
