Standard Chartered Pakistan
| File:Standard Chartered (2021).svg | |
| File:Standard Chartered Bank Building, Karachi (cropped).jpg Headquarters of Standard Chartered Bank in Karachi | |
| Company type | Public |
|---|---|
| PSX: SCBPL KSE 100 component | |
| Industry | Banking |
| Founded | March 1863 |
| Headquarters | Principal Office Karachi-74000, Pakistan |
Key people | Rehan Muhammad Shaikh CEO |
| Products | Loans, credit cards, debit cards, savings, consumer banking, business banking, and Islamic banking |
| Revenue | Increase Rs. 118.17 billion (US$410 million)[1] (2024) |
| Increase Rs. 100.62 billion (US$350 million)[1] (2024) | |
| Increase Rs. 46.06 billion (US$160 million)[1] (2024) | |
| Total assets | Increase Rs. 1.05 trillion (US$3.6 billion)[1] (2024) |
| Total equity | Increase Rs. 117.72 billion (US$410 million)[1] (2024) |
Number of employees | 1,957[1] (2024) |
| Parent | Standard Chartered |
| Website | sc |
.svg){kind=link}
.jpg){kind=link}
Standard Chartered Pakistan is a Pakistani commercial bank headquartered in Karachi. It is a wholly owned subsidiary of British multinational bank Standard Chartered and is one of the oldest foreign commercial bank in Pakistan.[2]
History
[edit | edit source]
The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi.[3]
In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan.[4] The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000.[5][6] At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches.[4]
In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan), to create Pakistan's sixth largest bank.[7][8][9]
FinCEN
[edit | edit source]Standard Chartered was named in FinCEN leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). It had four suspicious transactions flagged.[10]
See also
[edit | edit source]Lua error in mw.title.lua at line 392: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').
References
[edit | edit source]- ^ a b c d e f Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
- ^ "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
- ^ "Standard Chartered Bank (Pakistan) Limited | EMIS "securities.com
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
External links
[edit | edit source]
Lua error in Module:Authority_control at line 153: attempt to index field 'wikibase' (a nil value).