The Asset recognizes the Bank’s Transaction Banking capabilities in the Middle East
UAE – 24 March, 2012- Standard Chartered announced today that it won two prestigious Transaction Banking Awards by The Asset Magazine. At The Asset Triple A Transaction Banking Awards 2012, Standard Chartered was named ‘Best Treasury and Cash Management Bank’ and ‘Best Working Capital Trade Finance Bank’ in the Middle East for 2011.
The Asset Triple A Awards are Asia’s defining recognition for excellence in the Transaction Banking industry Globally. The magazine uses a stringent methodology and a rigorous approach to the selection of the winners. The awards are adjudicated by The Asset’s Board of Editors who collectively have several decades’ worth of evaluating industry awards in Asia.
Commenting on the awards, Farooq Siddiqi, Regional Head of Transaction Banking MENA at Standard Chartered said:
“Today, the Middle East is trading more with Africa and Asia than with the West. Our strong footprint across these three regions ideally positions us to benefit from these emerging trade corridors. Over the last few years, we have invested in developing our online platform and human resources to provide our clients with integrated solutions and services that match their Trade Finance, Working Capital, Treasury and Cash Management needs. These awards come as testament to our continuous efforts to bring world class transaction banking services to the region.”