Karachi: Standard Chartered Bank announced the launch of Trade Centres for its Small and Medium Enterprise (SME) customers in Pakistan aimed at providing class financial services to SME customers in the country.
The first trade centre was inaugurated by Steve Bertamini, Group Executive Director and CEO, Consumer Banking at the Standard Chartered Korangi Branch. The trade sector of Pakistan will benefit from the Bank’s customer focus and diversification approach as 30 Trade Centres will be distributed amidst Standard Chartered’s 132 branches, across 29 cities in Pakistan.
Steve Bertamini, Group Executive Director and CEO, Consumer Banking said, ‘SMEs are key to economic diversification and as a customer focused Bank, we have been developing services and products that cater to their specific business needs. We have identified an increasing need for trade finance, foreign exchange, term deposits and treasury services among our clients.
Therefore, our newly launched Trade Centres will provide financial solutions and access to the world’s fastest growing markets across the bank’s footprint.”
The bank is the first International bank to provide easy access and dedicated service to power the growth aspiration of the SME sector in Pakistan. In line with the Bank’s strategy of deepening customer relationships, each customer will be serviced by a team of specialists, delivering holistic solutions for SMEs addressing working capital and business expansion requirements, business protection yield enhancement and Shariah compliant Saadiq Trade and Lending Services.
Standard Chartered has been operating in Pakistan since 1863 and has the largest branch network among international banks. With 132 branches in 29 cities and more than 180 ATMs and CDMs, the bank is ideally positioned to service its clients in the country.
The bank has been awarded “Best Bank in Pakistan” by The Asset Triple A Awards for 2011.
Standard Chartered Pakistan is the first international bank to get an Islamic Banking license and to open the first Islamic Banking branch in Pakistan. The Bank has been given credit ratings of AAA/ A1+, the highest long-term and short-term rating assigned by PACRA to any private sector commercial bank.
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