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Standard Chartered Bank Botswana shares global opportunities with local Chinese community

Standard Chartered Bank Botswana this week hosted the Chinese community both in Francistown and Gaborone in appreciation for their loyalty and support as existing clients as well as wooing and meeting potential customers. As a truly international bank, Standard Chartered Bank prides itself in offering its clients access to global excellence in banking across personal, business, commercial and corporate banking segments.

“The bank uses its extensive experience of the Botswana economy to provide a value add link between the dynamics of the local market and doing business across a global network.” The bank says the Belt & Road initiative launched by the Chinese government in 2013 offers a great opportunity to promote free trade and connectivity between the Asian, European and African continents. As such, Standard Chartered Bank, through its in-depth knowledge of the regions’ political, economic and cultural environment together with its comprehensive products and services make the bank an indispensable partner in this initiative.

“The bank has a presence in 65 markets across the globe, 69% of which are in countries along the Belt & Road, including 15 African markets as well as presence in Mainland China, Hong Kong, Macau and Taiwan.” Furthermore, the bank’s global presence enables it to carry out foreign transactions more efficiently and effectively across many markets.

Standard Chartered’s Otsile Marole

“Today, US Dollar transfers from a Standard Chartered Bank account in Botswana to another Standard Chartered Bank account in China take only 15 minutes as we continue to utilise our award-winning digital banking platforms, and at most two (2) days to other third party banks in all currencies. The bank not only prides itself in efficiency, but also offers these services at competitive foreign exchange rates, which can be negotiated.

“Our Priority and Business Banking offering ensures that you get best-in-class value adding services to meet your banking needs. Our Priority clients have access to over 250 Priority Centres across the globe offering a premium banking service and recognition, the VISA Infinite debit card – VISA’s highest card offering – that offers customers a whole suite of value-add services including unlimited and free access to over 800 airport lounges worldwide, as well as multi-travel insurance cover worth up to US$2 million every time you travel.”

Furthermore, the bank said the state-of-the-art online banking business platform #Straight2Bank helps businesses manage all their banking digitally. “It offers same day remittance of South African Rand (ZAR) transactions and also allows one to remit funds in over 125 currencies including Renminbi (RMB). The platform also allows access to Foreign exchange Spot/Forward bookings and simplified reconciliations with reports and alerts for accounting purposes.”

Standard Chartered’s Regional Head of Private Banking (Africa, Middle -East & Europe), Ian Gibson

Speaking at the recent engagements, Standard Chartered Bank Botswana Chief Executive Officer (CEO), Mpho Masupe highlighted the bank’s advantageous position to serve the needs of the Chinese community. “Our extensive product and service offering across our segments is world-class and when coupled with our international network, and award-winning digital capabilities, we are able to offer the Chinese community a banking experience and service that not only meets but enhances their banking needs.”

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