Standard Chartered is the first bank in the Kingdom, through its acquisition of ANZ Grindlays Bank and its earlier acquisition of the “Ottoman Bank” whose operations started in 1925. With a 94 year history in Jordan, Standard Chartered remains deeply committed to growing and investing in its franchise. The bank’s heritage and values are expressed in its brand promise – Here for good.
For the past eight years, Standard Chartered Jordan has won several awards. The bank differentiates itself in Jordan through its ability to leverage its international expertise to introduce new, innovative products and services to its customers; significantly enhancing its ability to provide the right products for its customers and to enable them to grow.
The Corporate Banking Segment covers an array of business in Jordan including local large and medium size corporations, financial institutions, commercial businesses and global subsidiaries. The
bank’s aim is to provide value added lending and non-lending products. Aside from trade and lending, Standard Chartered offers M&A, FM hedging, DCMs, Corporate Finance (leverage and principal financing, ECA and Project Finance) products and services.
In 2014, Standard Chartered identified a gap in the Jordanian market for an international custody provider that can service the increasing international needs of the market. Accordingly, the bank worked with the regulator and depository authorities in Jordan to provide tailored solutions to meet unique needs in the securities services domain in Jordan.
The Retail banking segment focuses on banking and attracting high net worth affluent individuals with an appetite for investment and foreign exchange products such as, but not limited to, bonds and mutual funds. Standard Chartered Jordan is a leader in wealth management offering and is now focusing on investing in digital capabilities to bring convenience to clients in line with regional initiatives.
Standard Chartered Online is an innovative service that can be tailored to suit clients’ precise banking needs.
It provides safe convenience and comprehensive round-the-clock banking services in real-time.
Straight2Bank is the bank’s suite of electronic channels for Corporate and Institutional Clients. It combines the two key areas of Cash Management and Foreign Exchange. Clients benefit from an integrated workflow that allows them to achieve greater operational efficiency and to gain more security and control over their transactions and processes.
Standard Chartered is also committed to making a positive social and economic impact by creating long term value for customers and shareholders and contributing to the community. Volunteering efforts peak during the holy month of Ramadan, with Tikyet Um Ali, to serve Iftar meals to underprivileged families. “Seeing is Believing” is the global program which help in eradicating avoidable blindness. Last year, Standard Chartered Jordan launched a locally developed project to screen 30,000 students in Irbid. GOAL is the bank’s global program that uses sport and life skills to transform the lives of adolescent girls, launched in Jordan in January 2011. It has now reached more than 15,000 girls in various rural areas across Jordan and is executed in partnership with the Ministry of Education and Injaz. Last year, the Goal Employability and Entrepreneurship Fund was launched to train 200 Goal champions on how to start their own projects to prepare for the job market.
This year, in alignment with the Futuremakers initiative by Standard Chartered, the bank launched the Employee Volunteering plan, aimed at youth, to help make them employable and empowered with knowledge. This way, they will be active members of local society. Standard Chartered Jordan has teamed up with Injaz Foundation to ensure that it has a solid, credible program with accessibility to schools, universities, special needs schools and institutions.