Standard Chartered Pakistan
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![]() Standard Chartered Bank (Pakistan) Headquarters, Karachi | |
Type | Public |
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PSX: SCBPL | |
Industry | Banking Global Markets |
Founded | 1863 |
Headquarters | Principal Office Karachi Pakistan |
Key people | Rehan Shaikh, CEO |
Products | Loans, Credit Cards, Savings, Consumer Banking etc. |
Parent | Standard Chartered |
Website | www |
Standard Chartered Pakistan (اسٹینڈرڈ چارٹرڈ بینک (پاکستان) لمیٹڈ) 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. It employs over 9000 people in its 94 branches 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 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.[1][2][3]
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.[4]
See also[]
References[]
- ^ "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
- ^ "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
- ^ "Standard Chartered Bank (Pakistan) Limited | EMIS " securities.com
- ^ Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.
External links[]
- Banks of Pakistan
- Companies listed on the Pakistan Stock Exchange
- Standard Chartered
- Pakistani subsidiaries of foreign companies