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Standard Chartered Bank Uganda launches international banking

KAMPALA, February 27, 2024 – Standard Chartered Bank Uganda has today launched its International Banking [IB] product offering. Through IB, the Bank will now offer its clients access to global banking products and services offered in international financial centres including the UAE and the UK, amongst others.

Speaking during the launch of IB in Kampala, Standard Chartered Bank Uganda CEO, Sanjay Rughani stated that the introduction of IB in Uganda marks a significant milestone for Standard Chartered and signals a profound promise to cater to the evolving needs of its valued clients in Uganda.

“The launch of international banking is a pivotal moment for Standard Chartered Bank Uganda as we fortify our commitment to our clients by providing them with access to global financial opportunities,” he said, adding that the IB services enhance the Bank’s ability to offer tailored solutions and an expanded array of products that cater to diverse investment requirements, positioning its clients for sustained success on the international stage.”

Sanjay added, “Today’s launch aligns seamlessly with our “Here for Good” brand promise, emphasizing our unwavering dedication to the Ugandan market as a pivotal hub for growth and prosperity. As the only international bank offering both retail and corporate banking, as well as our long-standing heritage and global network, Standard Chartered is ideally placed for a prominent role in this ever-expanding market.”

While addressing the guests, Paul Sefa-Badu the Head, Consumer, Private and Business Banking, Standard Chartered Bank Uganda expressed his enthusiasm for the unprecedented value that International Banking services will deliver to clients, empowering them to navigate the global financial landscape with confidence and ease.

“Our newly introduced international banking services offer a wide array of benefits, which include but are not limited to, recognition of clients’ international status, opportunities to grow wealth internationally, and the convenience of seamless banking through features such as multi-currency account opening and global fund transfers. Additionally, clients can leverage the ability to own property overseas, among other advantages,” he added.

Paul, further added, “We are the go-to bank for wealth and investment solutions based on our network and global expertise. The IB services will empower clients to diversify their investments and unlock unprecedented opportunities by tapping into Standard Chartered Bank’s international banking hubs from Singapore, Hongkong, India, Jersey and UAE. We encourage individuals and businesses alike to come on board and enjoy these services.”

While delivering the keynote address, at the launch of the new service, the Minister of Foreign Affairs, Jeje Odongo said: “I would like to appreciate Standard Chartered Uganda for launching international banking, a product that will offer Ugandan clients a wider range of sophisticated investment solutions, seamless everyday overseas banking and flexible, quick and easy access to foreign exchange.”

He added: “As the Ugandan economy grows, the wealth of Ugandans grows as well. This means that there is a rising demand for wealth advisory services, portfolio management and a Bank like Standard Chartered Bank to advise them on where to invest. I therefore urge the Bank to continue providing financial advice and relevant, customised products to clients and companies looking to invest or develop their businesses both in Uganda and abroad.”

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