Standard Chartered Bank has given up plans for small and medium enterprises (SMEs) as well as company loans amounting to $400 million in the United Arab Emirates.

Possible buyers have sought to impose some terms that did not meet the Bank’s conditions, news agency Bloomberg reported, noting that other banks did not have enough time to complete their technical examination before the deadline in mid-November.

It is worth mentioning that Standard Chartered has closed nearly 15% of SME accounts.