Standard Chartered’s SME Banking Business has been recognised as the “Best SME Internet Banking provider and Best SME Foreign Exchange Service Provider” for 2012 by the Banker Middle East publication.
Commenting on the awards, Sadia Saeed, general manager, SME Banking for the Middle East, Standard Chartered, said, “SMEs in UAE have strong international trade needs. Competitive foreign exchange services and world-class online solutions are critical for SMEs to facilitate these needs.
“For the past few years, Standard Chartered has invested in its online platform and human resources to develop products and services designed to meet the needs of our customers. With SMEs in the region trading more with the Asia and Africa, than with Europe and the US, we are ideally positioned to leverage our strong footprint in these markets to the benefit of our customers. These awards come as testament to our efforts, and we will continue to support the region’s SMEs by bringing world-class services and solutions to them.”
Standard Chartered Bank launched its dedicated online banking platform Straight2Bank for SMEs in April last year and it has been well received by customers. The bank also has a treasury team dedicated to SMEs that helps them manage their foreign currency risks and provide competitive foreign exchange rates.