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Standard Chartered Bank (Pakistan) Limited (SCBPL)

Headquarters of Standard Chartered Bank in Karachi
Company type	Public
Traded as	PSX: SCBPL KSE 100 component
Industry	Banking
Founded	March 1863; 161 years ago (1863-03)
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	Rs. 107.48 billion (US$370 million) (2023)
Operating income	Rs. 89.22 billion (US$310 million) (2023)
Net income	Rs. 42.62 billion (US$150 million) (2023)
Total assets	Rs. 1.00 trillion (US$3.5 billion) (2023)
Total equity	Rs. 96.22 billion (US$330 million) (2023)
Number of employees	2,072 (2023)
Parent	Standard Chartered
Website	sc.com/pk

Standard Chartered Pakistan (Urdu: اسٹینڈرڈ چارٹرڈ پاکستان) 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.

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 December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan. The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000. 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.

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.

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.

See also

• Banking in Pakistan
• Union Bank (Pakistan)

References

1. ^ "SCB PK Annual Report 2023" (PDF). www.sc.com.pk. Retrieved 26 March 2024.
2. "Standard Chartered Pakistan - Annual Report 2022" (PDF). Standard Chartered Pakistan. 31 December 2022. Retrieved 24 October 2023.
3. ^ "Grindlays merged in Standard Chartered". DAWN.COM. December 1, 2002.
4. "MEED | Standard Chartered adds bulk with ANZ Grindlays deal".
5. Treanor, Jill (April 28, 2000). "Standard Chartered snaps up Grindlays" – via The Guardian.
6. "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
7. "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
8. "Standard Chartered Bank (Pakistan) Limited | EMIS "securities.com
9. Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.

External links

• Standard Chartered Pakistan

v t e Standard Chartered
Divisions and subsidiaries	Current International Bank of Qatar Standard Chartered Bangladesh Standard Chartered Ghana Standard Chartered Hong Kong (Mox Bank) Standard Chartered India Standard Chartered Kenya Standard Chartered Korea Standard Chartered Nepal Standard Chartered Pakistan Standard Chartered Singapore Standard Chartered Sri Lanka Standard Chartered Tanzania Standard Chartered Thailand Standard Chartered Uganda Standard Chartered Zambia Standard Chartered Zimbabwe Former Allahabad Bank Standard Bank Standard Chartered Bank of Canada Chartered Trust 20Twenty
Predecessors	American Express Bank Bank of British West Africa Chartered Bank of India, Australia and China Colesberg Bank Grindlays Bank Hsinchu International Bank P&O Bank Eastern Bank Standard Bank Union Bank
Places	Six Battery Road Standard Chartered Bank Building
Management	José Viñals (Group Chairman) Bill Winters (Group Chief Executive)
Sponsorships	Greatest Race on Earth Hong Kong Marathon Jersey Marathon Kuala Lumpur Marathon Liverpool Football Club Mumbai Marathon Nairobi Marathon Singapore Marathon Singapore Sevens
Other	Seeing is Believing
Nationalized  Spun off  Sold Category Commons

v t e Banking in Pakistan
Central bank	State Bank of Pakistan
Big Four	Habib Bank MCB Bank National Bank United Bank
Commercial banking	Public sector Bank of AJK Bank of Khyber Bank of Punjab First Women Bank Industrial Development Bank Karakoram Cooperative Bank Punjab Provincial Cooperative Bank Limited Sindh Bank Zarai Taraqiati Bank Limited Private sector Allied Bank Askari Bank Bank AL Habib Bank Alfalah HabibMetro JS Bank Soneri Bank Standard Chartered Pakistan
Microfinance	Advans Pakistan Finca Pakistan HBL Microfinance Bank Khushhali Bank NRSP Microfinance Bank Telenor Microfinance Bank
Islamic banking	BankIslami Bank Makramah Al Baraka Bank Pakistan Dubai Islamic Bank Pakistan Faysal Bank MCB Islamic Bank Meezan Bank Samba Bank
House building	House Building Finance Company
Savings Bank	National Savings Organization
Foreign banks	Citibank Pakistan Deutsche Bank Pakistan ICBC Pakistan BOC Pakistan Bank of Tokyo Mitsubishi Pakistan
Defunct banks	BCCI Bank of Bahawalpur Burj Bank Federal Bank for Cooperatives KASB Bank NIB Bank PICIC Commercial Bank RBS Pakistan Silkbank Union Bank
See also	List of banks in Pakistan Pakistani bankers Institute of Bankers Pakistan KIBOR National Institute of Banking and Finance
Category

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As of October 2024

• Banks of Pakistan
• Companies listed on the Pakistan Stock Exchange
• Companies in the KSE 100 Index
• Standard Chartered
• Pakistani subsidiaries of foreign companies