Standard Chartered Bank, the country's largest international bank, has sold NIT Units worth more than Rs 600 million through its branches, a press release said on Monday. This is a milestone achievement for Standard Chartered in its efforts to provide its customers a diversified base of financial solutions, the release added.
According to details, the Bank's Head of Consumer Banking Abid Sattar and NIT Chairman and Managing Director Tariq Iqbal Khan met on December 13, 2004 to celebrate the successful partnership between the two organisations and discussed future business opportunities in that area.
It further said the distribution arrangement at present provided the following benefits to individual customers:
Convenient access through Standard Chartered's country-wide network of 25 branches.
Risk assessment of individuals and independent consultation on the choice of fund most appropriate to them.
A long-term investment solution to investors who would like to benefit from returns offered in the local capital markets, the release concluded.-PR
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