Standard Chartered named Global Bank of the Year

Also named Best Bank in Asia:

Standard Chartered won seven awards at The Banker’s Bank of the Year Awards 2010. The bank was named; Global Bank of the Year, Bank of the Year in Asia,Bank of the Year in Afghanistan, Bank of the Year in Bangladesh, Bank of the Year in Hong Kong, Bank of the Year in Tanzania and Bank of the Year in Zambia.

The Banker’s Bank of the Year Awards are regarded as the industry standard for banking excellence. The winners are judged on their ability to deliver shareholder returns and to gain strategic advantage.

Standard Chartered Bank Group Chief Executive Peter Sands, said: “We are delighted to be named Global Bank of the Year. During the past 12 months we have continued our strategy of becoming the world’s best international bank, leading the way in Asia, Africa and the Middle East. Our clear strategic focus, coupled with a commitment to the basics of banking, has enabled us to deliver seven consecutive years of record profit and income.

“In March, we launched our ‘Here for good’ brand promise, which embodies our commitment to create value for our shareholders, to support and partner our clients and customers and to make a positive contribution to the broader community. In June, we reinforced our leading position in India, where we opened our first ever branch in 1858, by listing in Mumbai with an Indian Depository Receipt (IDR) offer, the first of its kind, allowing investors in India to participate in our growth.

“We are very proud of these achievements. This has been a great twelve months for Standard Chartered. The Banker’s Global Bank of the Year award is testament to our continued strong performance. I would like to thank our staff for their professionalism and teamwork, our clients and customers for the trust they put in us.”

Asia Chief Executive Officer Jaspal Bindra, said: “We are extremely pleased to be named Best Bank in Asia by The Banker for the second consecutive year. Standard Chartered has come through the recent crisis fitter and stronger, and we continue to demonstrate our commitment in Asia, where we consistently derive more than 70 percent of income and profits. We believe that Asia is leading the global recovery, and Standard Chartered is well-positioned for further growth given our presence and expertise in the region.”