Standard Chartered to sell Bahrain retail operations to focus on larger markets | The National

Standard Chartered's corporate and investment banking operations will continue in Bahrain. ReutersStandard Chartered's corporate and investment banking operations will continue in Bahrain. ReutersMove is part of British bank's global strategy of building cross-border and affluent clients’ business

Standard Chartered will sell its Bahrain retail and wealth operations to prioritise larger wealth markets while keeping corporate and investment banking in the kingdom.

The reshaping aligns with a global push to grow cross-border capabilities and affluent client services across priority markets.

Bongiwe Gangeni, head of wealth and retail banking for Europe, Middle East and Africa, says the transition will be phased over 18 to 24 months.

HSBC and Citigroup previously exited Bahrain retail banking, reflecting a broader trend.