Standard Chartered voted Best Trade Finance Bank in South Asia

Wednesday, 15 February 2012 00:18 - - {{hitsCtrl.values.hits}}

Standard Chartered Bank has been voted the best trade finance bank in South Asia for 2011 by the Global Trade Review (GTR) Magazine readers. Over 5000 votes were cast for GTR’s Leaders in Trade Awards 2011. South Asia (excluding Pakistan) contributed around 14% of the bank’s global trade revenues on a booked basis last year. Additionally, trade also contributes significantly to revenues in the bank network by originating deals in the corporate and banks segments.

Head of Origination and Client Coverage Sri Lanka Colin Pawley remarked that this Award is a reflection of Standard Chartered’s strong trade business in Sri Lanka and based on an extensive product suite which is offered through the bank’s team of relationship managers who have the necessary expertise to offer tailor made solutions and services.

Standard Chartered Bank, Sri Lanka is committed to deliver solid growth and is well positioned to leverage the unfolding growth opportunities across the region. In 2012, Standard Chartered will continue to support its clients and build on its position as an important advisor to them as they seek support to develop their trade flows between Sri Lanka and the rest of the world.

Transaction Banking Director Bingumal Thewarathanthri commenting on the Bank’s performance, stated, “Our 150-years in Sri Lanka means that we have a depth of local knowledge. Together with our international expertise, Sri Lankan clients with international ambitions could leverage these platforms to realise their business goals. At the same time, the Bank works with clients in OECD countries who are venturing into Sri Lanka to tap into Sri Lanka’s growth potential.”