Standard Chartered Pakistan Explained

Standard Chartered Bank (Pakistan) Limited (SCBPL)
Type:Public
Traded As:
KSE 100 component
Location:Principal Office
Karachi-74000, Pakistan
Key People:Rehan Muhammad Shaikh CEO
Industry:Banking
Global Markets
Products:Loans, Credit Cards, Debit Cards, Savings, Consumer Banking, Premium Banking, Business Banking, Islamic Banking, Priority Banking etc.
Revenue: [1]
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Num Employees:2,072
Num Employees Year:2023
Parent:Standard Chartered

Standard Chartered Pakistan (Urdu: اسٹینڈرڈ چارٹرڈ پاکستان) is a Pakistani banking and financial services company in Pakistan and is a wholly-owned subsidiary of British multinational bank Standard Chartered.

It is Pakistan's oldest and largest foreign commercial bank. Standard Chartered Pakistan currently employs over 2,000 staff at 40 branches in 10 different cities.[2]

History

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.

In 2006, Standard Chartered Bank acquired Pakistan's Union Bank. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan), to create Pakistan's sixth largest bank.[3] [4] [5]

FinCEN

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.[6]

See also

External links

Notes and References

  1. Web site: SCB PK Annual Report 2023. www.sc.com.pk. 26 March 2024.
  2. Web site: 31 December 2022 . Standard Chartered Pakistan - Annual Report 2022 . 24 October 2023 . Standard Chartered Pakistan.
  3. http://investors.standardchartered.com/releasedetail.cfm?ReleaseID=210063 "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd"
  4. http://archives.dawn.com/2006/09/06/ebr3.htm "Standard Chartered acquires Union Bank"
  5. http://www.securities.com/Public/company-profile/PK/Standard_Chartered_Bank__Pakistan__Limited_en_2438289.html "Standard Chartered Bank (Pakistan) Limited | EMIS "
  6. Web site: Report. Monitoring. 2020-09-21. Six Pakistani banks named in FinCEN leak. 2020-09-23. Profit by Pakistan Today. en-US.