Standard Chartered enters agreement to sell business in Jordan - statement

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Standard Chartered said on Sunday it plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB) , as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East.

, as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East.

The bank entered into an agreement with AJIB, subject to central bank approval, which will see Standard Chartered's corporate, commercial and institutional banking, consumer lending and private banking businesses migrated to AJIB. All Standard Chartered Bank employees in Jordan will be transferred to AJIB, it said an emailed statement.

 

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As Mark Twain said 'I wanted to write you a short note but only had time to write a long note' This article needs to be rewritten at least once more.

Standard Chartered wants to sell business in Nepal too.

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