April, 28, 2010

Standard Chartered Bank Bahrain further strengthened its commitment to boost small and medium enterprises (SMEs) industry in Bahrain through the launch of insurance products and services.The products and services are offered specifically for business owners, proprietors, professionals and companies through the bank's strategic partner Allianz Takaful. The key products being offered are keyman insurance, office insurance, group health and corporate savings schemes.

"The SMEs sector is one of the key contributors to country's economic growth and has significant future growth potential therefore we are pleased to be partnering Allianz Takaful, a major global financial services provider with best in class product offerings," Standard Chartered Bank regional head consumer banking Northern Gulf, Levant and Oman B Chandrasekhar said. "As the first bank in Bahrain, celebrating 90 years this year, the launch reinforces the bank's continuous commitment especially to the SME segment in the kingdom while focusing on the encouragement to SME players for further achievement," he added.