The Independent (Kampala)

9 November 2012

Uganda: Standard Chartered Strengthens Ties With Pakistani Community

Standard Chartered Bank has reaffirmed its commitment to supporting the Pakistani community in Uganda so they can grow their business and contribute to Uganda's economic development, the bank said at a recent breakfast meeting in Kampala.

"Standard Chartered Bank has a long relationship with Pakistan having opened doors with its first branch in Karachi-Pakistan- in 1863," the bank said, adding it is the largest and fastest growing International Bank in Pakistan and a key player in contributing towards the economic growth and development of the sixth most populous country in the world.

In Pakistan, the bank comprises of 143 branches in 32 cities and over 150 ATMs and 15 Cash Deposit Machines. It serves over 700,000 Consumer Banking customers and nearly 1340 Wholesale Banking Relationships while employing over 4500 employees.

Speaking at the function, the head of consumer banking, Grace Muliisa said: "Standard Chartered Bank Uganda as the oldest bank in Uganda, we share the same foundation, principles and success with the Pakistan community."

Muliisa said with such history and success between the two regions, Uganda and Pakistani, they will be able to cement the business relationships developed over time for their mutual benefit and growth.

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