Standard Chartered is Associated With and Known as:
The Standard Chartered is a public Limited company dealing in personal and wholesale banking services in Asia, Africa and the Middle-East regions. The company runs nearly seventeen hundred branches and outlets in More Than seventy countries around the globe. This company is divided under two diversified segments including Consumer Banking and Wholesale Banking. In addition, its first segment offers wealth management and transaction needs of individuals, and small and medium enterprises in markets and customer segments across Asia, Africa, and the Middle East whereas, this company offers trade finance, cash management, securities services, foreign exchange and risk management, capital raising, and corporate finance solutions under segment two. This banking PLC was formed with a merger between the Chartered Bank of India, Australia and Standard Bank of United Kingdom and South Africa in 1969 in London, United Kingdom. It provides credit cards, debit cards, consumer banking products, corporate banking products, mortgage loans, private banking and wealth management services. The Standard Chartered Bank is registered in diverse Stock Exchanges of its business regions for their commercial operations. Standard Chartered Bank is listed on LSE, SEHK, NSE, and OTC Pink and is headquartered in London, United Kingdom. It is also the component of FTSE 100 and is one of the largest companies on the LSE. It has the strength of over 86,000 employees.
History
Standard Chartered dates back to 1853 as The Chartered Bank, which was granted a
Charter by Queen Victoria. Its earlier branches are set up in the cities like Mumbai, Kolkata and Shanghai, Hong Kong and Singapore by 1859. The bank emerged as the note issuing authority in Hong Kong in 1862. Its other predecessor was Standard Bank in South Africa which was founded by John Paterson. It was established as the leading bank in South Africa and renamed as Standard Bank Limited in 1962. In 1969, The Chartered Bank merged with the Standard Bank to form Standard Chartered. The bank purchased Gindlays Bank in 2000 from
Anz to consolidate its position in private banking and in Pakistan and India. In 2005, it owned Korea First Bank, which was renamed as SC First Bank. In the same year, Standard Chartered Bank rebranded its operations in Thailand as Standard Chartered Bank Thailand after merging its branches in Bangkok and Nakornthon. It was successful to purchase 81 percent of stakes in
Union Bank of Pakistan, which was merged with Standard Chartered Bank of Pakistan in 2006. In 2010, Standard Chartered Bank launched its
Mobile app, Standard Chartered Breeze for iPhone and iPad.
Support and Initiative
Standard Chartered has been the sponsor of Liverpool Football Club from 2010 to 2014. On the other hand, the bank is associated with IAPB and Seeing is Believing to promote awareness and donates in the treatment of the blindness. Standard Chartered has the membership of Global Banking Alliance for Women and offers some special financial services to its women along with other banks.