Standard Chartered wins top regional and country awards
Bank named as ‘Best in Treasury & Cash Management’ and ‘Best in Working Capital & Trade Finance’ for the MENA region
Dubai, United Arab Emirates, 3 April 2014 – Standard Chartered has announced key wins in both the regional and country editions of the ‘The Asset Triple A Treasury, Trade & Risk Management Awards,’ – Asia’s defining recognition for excellence in the banking and finance industry. Standard Chartered won two regional and eight country awards, reflecting its innovation, excellence and ability to deliver effective solutions across the Middle East and North African (MENA) and Asian regions.
In MENA, for the fifth consecutive year, Standard Chartered won the ‘Best in Treasury & Cash Management’ award and ‘Best in Working Capital & Trade Finance’ for the second consecutive year. Moreover, the bank was also cited for its outstanding service and performance across its operations in other key markets like Bangladesh, India and Vietnam.
Dinesh Khanna, Regional Head of Transaction Banking for MENAP, Standard Chartered Bank, said:
“The Asset Triple A Treasury, Trade & Risk Management Awards.’ awards serve as recognition of our leadership in the industry, commitment to our markets and ability to provide bespoke solutions”
Standard Chartered has been widely recognized by industry experts for its broad geographical coverage and continued risk appetite in emerging markets. It is also known for bringing best-of-class products to its markets. The bank has also been lauded for its strong growth in liabilities and a portfolio of mandates that serve indicators of the leadership position it enjoys in its markets.
‘The Asset Triple A Treasury, Trade & Risk Management Awards’ process follows a rigorous approach for selection of the best banks and institutions in each category. Accumulated point scores for both quantitative and qualitative factors are combined in the determination of the winners. Judges are composed of a board of editors from The Asset Publishing and Research Ltd., who have more than three decades of experience in evaluating the best practices in the banking industry today and whenever possible, they conduct follow-up interviews and participate in the presentations organized with the nominated banks and their clients.