Standard Chartered Bank highlights commitment to Belt and Road Initiative

Standard Chartered Bank in Ghana has launched its Belt and Road Relay, the first-ever global running event on the back of the China-proposed Belt and Road Initiative (BRI).

The launch of the Belt and Road Relay by Standard Chartered Bank in the commercial capital Accra makes Ghana the 32nd host of the Belt and Road Relay.

Through the event, Standard Chartered aims to highlight the bank’s continued commitment to the Belt and Road, and the positive impact of the initiative to communities and businesses globally.

Speaking at the launch, the CEO of Standard Chartered Bank Ghana Limited, Mrs. Mansa Nettey, said the Belt and Road Initiative is the most ambitious and far-reaching project of its kind in the world today.

“We are very excited to be participating in the first-ever Belt & Road Relay. The Belt and Road Initiative is strongly aligned to the bank’s footprints with its deep-rooted history across Africa, Asia and the Middle East. As a key market in the African region, Ghana has been a supporter of the Belt and Road initiative since its inception and is very well-positioned to help clients leverage on Belt and Road opportunities,” she noted.

The relay was led by eight staff athletes from Standard Chartered Bank, selected from the bank’s diverse footprint in Asia, Africa, the Middle East, Europe and the Americas.

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These athletes will participate in running events across 44 Belt and Road markets within a 90-day period.

“The relay will draw attention to the One Belt and One Road global trade links across Asia, Africa and Europe. We have a presence in 45 markets along the Belt and Road – more than any other bank. This means we are uniquely positioned to demonstrate our rich heritage, deep local knowledge and unparalleled connectivity across our markets. By traversing these markets on foot and engaging local clients, media and communities, our Relay will reiterate Standard Chartered as the preeminent Belt & Road Bank,” she added.

The Standard Chartered Belt & Road Relay kicked-off in Hong Kong on 17 February 2019, and will conclude in China on 11 May after the Belt and Road Forum.

The Belt and Road initiative is core to Standard Chartered. In 2017, the bank committed additional financing for Belt and Road projects of at least US$20billion by 2020, and was involved in more than 50 Belt and Road deals worth more than US$10billion across a range of products and services.

Activities for the Relay in Ghana included a 10km run at the University of Ghana, Legon, and interactions with clients having Chinese interests.

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