Standard Chartered Bank UAE was started in 1958 with its first branch in Sharjah. The bank currently offers a wide range of conventional Islamic banking, products and services for local companies, personal customers, multinationals, financial and corporate institutions. The bank has 11 branches and more than 130 ATMs throughout the country. Being an international bank, Standard Chartered bases its focus on the established markets throughout the world. The central objective of the bank is to offer above-board services and outstanding value to their customers. Some of the services offered include: a variety of credit cards, online and mobile banking (including SMS banking), personal loans, credit cards, and affordable life and car insurance cover.
Numerous accusations that Standard Chartered Bank has been illegally handling billions of dollars in transactions with some Iranian entities has not gown down well with its shareholders and customers at large. Most customers accuse the bank of lack of transparency in its dealings, something that drives into them a lot of fears. Seeing the bank being termed a ‘rogue institution’ is the best term customers would hear of a bank they’ve invested so much in. these very serious allegations and ‘wire stripping’ comments are not good especially for a bank that until recently was regarded as one of the cleanest.
However, despite their tribulations, people still prefer Standard Chartered Bank mainly because of the comprehensive range of innovative and flexible services that they offer to their customers. The bank offers a number of promotions among other constantly evolving products and services. In particular are: Credit Cards online exclusive offers and privileges such as 3600 Rewards and the 3D secure which enables participating customers to win fabulous deals, interests and rewards. The fact that the bank also offers affordable and comprehensive life and car insurance is a plus to their services, and something customers are also impressed about as it offers them a sense of cheaper security as compared to what they have to pay in other insurance firms.