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    Standard Chartered

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    Piyush Nigam
    Standard Chartered was formed through the merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China in 1969. Both banks were looking to capitalize on increasing trade between Europe, Asia, and Africa by financing the transportation of goods. Today, Standard Chartered has over 1,700 branches and 5,600 ATMs in more than 70 countries worldwide. The bank focuses on consumer, corporate, and institutional banking services as well as treasury operations in Asia, Africa, and the Middle East.

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    Standard Chartered

    Uploaded by

    Piyush Nigam
    68 views3 pages
    Standard Chartered was formed through the merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China in 1969. Both banks were looking to capitalize on increasing trade between Europe, Asia, and Africa by financing the transportation of goods. Today, Standard Chartered has over 1,700 branches and 5,600 ATMs in more than 70 countries worldwide. The bank focuses on consumer, corporate, and institutional banking services as well as treasury operations in Asia, Africa, and the Middle East.

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    Standard Chartered was formed through the merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China in 1969. Both banks were looking to capitalize on increasing trade between Europe, Asia, and Africa by financing the transportation of goods. Today, Standard Chartered has over 1,700 branches and 5,600 ATMs in more than 70 countries worldwide. The bank focuses on consumer, corporate, and institutional banking services as well as treasury operations in Asia, Africa, and the Middle East.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    68 views3 pages

    Standard Chartered

    Uploaded by

    Piyush Nigam
    Standard Chartered was formed through the merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China in 1969. Both banks were looking to capitalize on increasing trade between Europe, Asia, and Africa by financing the transportation of goods. Today, Standard Chartered has over 1,700 branches and 5,600 ATMs in more than 70 countries worldwide. The bank focuses on consumer, corporate, and institutional banking services as well as treasury operations in Asia, Africa, and the Middle East.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    History

    Standard Chartered was formed in 1969 through a merger of two banks: The Standard Bank of British South

    Africa, founded in 1863, and the Chartered Bank of India, Australia and China, founded in 1853.

    Both companies were keen to capitalise on the huge expansion of trade and to earn the handsome profits to

    be made from financing the movement of goods between Europe, Asia and Africa.

    Standard Chartered has a network of over 1,700 branches and outlets and 5,600 ATMs in more than 70 countries

    and territories across the globe, making us one of the world's most international banks.

    The Chartered Bank

     Founded by James Wilson following the grant of a Royal Charter by Queen Victoria in 1853.

     Chartered opened its first branches in Mumbai (Bombay), Kolkata and Shanghai in 1858, followed by

    Hong Kong and Singapore in 1859.

     Traditional trade was in cotton from Mumbai (Bombay), indigo and tea from Kolkata, rice from Burma,

    sugar from Java, tobacco from Sumatra, hemp from Manila and silk from Yokohama.

     Played a major role in the development of trade with the East which followed the opening of the Suez

    Canal in 1869 and the extension of the telegraph to China in 1871.

     In 1957 Chartered Bank bought the Eastern Bank together with the Ionian Bank's Cyprus Branches.

    This established a presence in the Gulf.

    The Standard Bank

     Founded in the Cape Province of South Africa in 1862 by John Paterson. Commenced business in Port

    Elizabeth, in January 1863.

     Was prominent in financing the development of the diamond fields of Kimberley from 1867 and later

    extended its network further north to the new town of Johannesburg when gold was discovered there in 1885.

     Expanded in Southern, Central and Eastern Africa and, by 1953, had 600 offices.

     In 1965, it merged with the Bank of West Africa, expanding its operations into Cameroon, Gambia,

    Ghana, Nigeria and Sierra Leone.

    From the early 1990s, Standard Chartered has focused on developing its strong franchises in Asia, Africa and

    the Middle East. It has concentrated on consumer, corporate and institutional banking and on the provision of

    treasury services - areas in which the Group had particular strength and expertise.
    Since 2000 the Bank has achieved several milestones with a number of strategic alliances and acquisitions,

    which have extended the customer and geographic reach and broadened the product range that Standard

    Chartered offers.

    Principles & Values


    Our Principles

    Leading by example to be the right partner for its stakeholders, the Group is committed to building a

    sustainable business over the long term that is trusted worldwide for upholding high standards of corporate

    governance, social responsibility, environmental protection and employee diversity. It employs over 75,000

    people, nearly half of whom are women, The Group's employees are of 125 nationalities, of which about 70

    are represented among senior management.

    What we stand for


    Strategic intent
     To be the world's best international bank

     Leading the way in Asia, Africa and the Middle East

    Brand promise
     Here for good

    Values
     Courageous

     Responsive

     International

     Creative

     Trustworthy

    Approach
     Participation

    Focusing on attractive, growing markets where we can leverage our relationships and expertise

     Competitive positioning

    Combining global capability, deep local knowledge and creativity to outperform our competitors

     Management Discipline

    Continuously improving the way we work, balancing the pursuit of growth with firm control of costs and

    risks
    Commitment to stakeholders
     Customers

    Passionate about our customers' success, delighting them with the quality of our service

     Our People

    Helping our people to grow, enabling individuals to make a difference and teams to win

     Communities

    Trusted and caring, dedicated to making a difference

     Investors

    A distinctive investment delivering outstanding performance and superior returns

     Regulators

    Exemplary governance and ethics wherever we are

    BUSINESSES

    Standard Chartered PLC, listed on the London, Hong Kong and Mumbai stock exchanges, ranks among the top 20

    companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150

    years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income

    and profits have more than doubled over the last few years primarily as a result of organic growth, supplemented by

    acquisitions.

    Consumer Banking
    Consumer Banking offers a broad range of products and services to meet the borrowing, wealth management
    and transaction needs of individuals.

    Wholesale Banking
    Wholesale Banking has a client-focused strategy, providing trade finance, cash management, securities services,
    foreign exchange and risk management, capital raising and corporate finance solutions.

    SME Banking
    Our SME Banking division offers products and services to help small and medium enterprises manage the
    demands of a growing business, including the support of our international network and trade expertise.

    Islamic Banking
    Standard Chartered Saadiq's dedicated team provides comprehensive international banking services and a wide
    range of Shariah-compliant financial products based on Islamic values.

    Standard Chartered Private Bank


    Our Private Bank advisors and investment specialists provide customised solutions to meet the unique needs
    and aspirations of high net worth clients.

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