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Standard Chartered Bank, Stan Chart Bank

By: EconomyWatch Content Date: 29 October 2009

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Standard Chartered Bank is a British bank, with its headquarters in London. It offers comprehensive banking solutions to retail and corporate customers. Stan Chart bank also offers specialized services, such as priority banking, wholesale banking, private banking and Islamic banking. Spearheading technological advances in banking and offering innovative products, Standard Chartered has a wide customer base all across the world.

Standard Chartered Bank: Company Profile

In 1969, two British banks operating in the ex-colonies of the UK merged to form Standard Chartered Bank. Due to the existing operations of the parent banks in colonial regions, Stan Chart remained restricted to Asia and Africa during the initial years. Over the course of time, Standard Chartered acquired several banks across the world to expand its business. As of 2009, the bank has 1,600 branches and outlets, including associates, subsidiaries and group ventures, and 5,500 ATMs in more than 70 countries. Some of the countries where Stan Chat has operations include:

China
Germany
Hong Kong
India
Italy
Japan
Korea
Mexico
Spain
South Africa
Thailand
UAE
UK
US

However, more than 90 percent of the bank's business comes from Asia, Africa and the Middle East region. Standard Chartered Bank is listed on the London and Hong Kong stock exchanges.

Standard Chartered Bank: Products and Services

Standard Chartered Bank offers the following products and services to its customers worldwide:

Consumer banking - Savings, loans, credit cards, insurance and investment.
Priority banking - This offers priority services in addition to the standard banking services available to all.
Private banking - This offers dedicated banking products and services. The bank assigns a unique relationship manger to every customer.
SME services: These banking products and services are specially designed for small to medium enterprise. It includes cash management, loans and investment portfolio.
Wholesale banking: Wholesale services are meant for corporate clients or foreigners.
Islamic banking: To develop the customer base in Islamic-predominant countries, these service allow religious coherence with the banking technology.

To delegate its social responsibility, Standard Chartered Bank has sponsored many social cause campaigns and programs. The bank runs dedicated campaigns to assist AIDS patients and to eradicate the disease from the world.

Also, find out about Mobile Banking, from Standard Chartered by Breeze.