Standard Chartered Bank signs cooperation agreement with Middle East Company for Trade and Investment

Press release

Published January 31st, 2011 - 11:18 GMT

Al Bawaba

The Middle Eastern Company for Trading and Investment, VESTEL electronics’ sole agent, has recently signed a cooperation agreement with Standard Chartered Bank to facilitate purchasing by installments for Standard Chartered Credit Card Holders.

Under this agreement, Standard Chartered’s clientele can easily buy a wide variety of products from the Middle East Company for Trading and Investment in all its branches and showrooms in Amman (Mecca Mall) and Zarqa (Hijazi Mall) using their credit cards with zero interest rate and an installments plan based on the customers’ preferences of 3, 6 to 10 months with a 3-year warranty on all their purchases.

“This agreement will enable all our clients, who are currently holding a Standard Chartered credit card, to obtain the products of the Middle Eastern Company for Trade and Investment in an easy, affordable installments method. We are confident that this initiative will add value to our clients and will facilitate their purchases “said Maurice Kean, Director of Individual Banking Services at Standard Chartered Bank.

“This agreement comes in harmony with the Company’s strategy that constantly seeks to achieve the highest levels of customer satisfaction and facilitate access to its products in all ways possible. We are proud to cooperate with Standard Chartered Bank and trust that the Bank’s clients will benefit from this mutual cooperation, said Safwat El Farouki, General Manager of Middle Eastern Company for Trade and Investment.

It is worth mentioning that the Middle East Company for Trade and Investment, established in 2008, is the sole agent for VESTEL Electronics in Jordan. VESTEL is a Turkish brand deemed among the best in the world in terms of quality and post-sale services. The Middle Eastern Company for Trade and Investment currently exports Chinese products to Iraq, Kazakhstan and other Asian markets with a clear vision of the market needs due to its extensive expertise and experience.

For more information, please visit: www.alsharqeyah.me

Background Information

Standard Chartered Bank

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good.

With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.