Standard_Chartered_Bank_Limited

Standard Chartered Pakistan

Standard Chartered Pakistan

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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.

Quick Facts Company type, Traded as ...

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

Standard Chartered Saadiq headquarters on I.I. Chundrigar Road in Karachi

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

References

  1. [1]
    "SCB PK Annual Report 2023" (PDF). www.sc.com.pk. Retrieved 26 March 2024.
  2. [2]
    "Standard Chartered Pakistan - Annual Report 2022" (PDF). Standard Chartered Pakistan. 31 December 2022. Retrieved 24 October 2023.
  3. [3]
    "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
  4. [4]
    "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
  5. [5]
    "Standard Chartered Bank (Pakistan) Limited | EMIS " securities.com
  6. [6]
    Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.
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