Standard Chartered Pakistan

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.

Standard Chartered Bank (Pakistan) Limited
TypePublic
PSX: SCBPL
IndustryBanking
Global Markets
Founded1863 (1863)
HeadquartersPrincipal Office
Karachi Pakistan
Key people
Rehan Shaikh, CEO
ProductsLoans, Credit Cards, Savings, Consumer Banking etc.
ParentStandard Chartered
Websitewww.sc.com/pk

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
  1. "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
  2. "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
  3. "Standard Chartered Bank (Pakistan) Limited | EMIS " securities.com
  4. Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.
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