FACTOID # 125: India’s criminal courts acquitted over a million defendants in 1999, more than the next 48 surveyed countries combined.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

FACTS & STATISTICS    Simple view

  1. Select countries to view: (hold down Control key and click to select several)

     

     

    Compare:

     

     

  1. Select fact or statistic: (* = graphable)

     

     

     

  2. (OPTIONAL) Compare to statistic: (both need to be graphable)

     

     

     

  3. View result as:

     

       
(OR) SEARCH ALL encyclopedia, stats & forums:   

Encyclopedia > Standard Chartered Bank
Standard Chartered PLC
Type Public
Founded 1852
Headquarters London, United Kingdom
Key people E. Mervyn Davies CBE, Chairman, Peter Sands, Chief Executive
Industry Banking
Products Financial Services
Revenue $13.0 billion USD (2005)
Operating income $8.620 billion USD (2006)
Net income $2.4 billion USD (2006)
Employees Nearly 60,000 (2007)
Website www.standardchartered.com

Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 56,000 people. Image File history File links Standard_Chartered_logo. ... A public company usually refers to a company which is permitted to offer its securites (i. ... 1852 was a leap year starting on Thursday (see link for calendar). ... This article is about the capital of England and the United Kingdom. ... Evan Mervyn Davies CBE (born November 21, 1952) is the current chairman of Standard Chartered Bank and Non-Executive Director of Tottenham Hotspur Football Club and Tesco. ... For other uses, see Bank (disambiguation). ... Financial services is a term used to refer to the services provided by the finance industry. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... For the Manfred Mann album, see 2006 (album). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For the Manfred Mann album, see 2006 (album). ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ... A website (or Web site) is a collection of Web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... BRD-SG in IaÅŸi - A small branch dedicated to retail services For other uses, see Bank (disambiguation). ... This article is about the capital of England and the United Kingdom. ...


Despite its British base it has few customers in the United Kingdom and 90% of its profits come from the Asia Pacific Region, South Asia, the Middle East and Africa. The bank's history is entwined with the development of the British Empire its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies. Map showing general definition of Asia-Pacific The term Asia Pacific or Asia-Pacific, sometimes abbreviated as APAC, generally applies to the littoral East Asia and South East Asia states that are near the Pacific Ocean, plus the states in the ocean itself (Oceania). ... This article is about the geopolitical region in Asia. ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ...


It now focuses on consumer, corporate and institutional banking, and on the provision of treasury services – areas in which the Group had particular strength and expertise.


Standard Chartered is listed on the London Stock Exchange and the Hong Kong Stock Exchange and is among the top 20 constituent members of the FTSE 100 Index. The Source by Greyworld, in the new LSE building Paternoster Square. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... The FTSE 100 Index (pronounced footsie) is a share index of the 100 most highly capitalized companies listed on the London Stock Exchange, begun on January 3, 1984. ...

Contents

History

The Standard Chartered Group was formed in 1969 through a merger of two banks: The Standard Bank of South Africa founded in 1863, and the Chartered Bank of India, Australia and China, founded in 1853. Standard Bank Group Limited is one of the most established financial services groups based in South Africa and operating worldwide in 38 countries, including 17 in Africa. ... The Chartered Bank of India, Australia and China (or simply The Chartered Bank) was a bank founded in 1851. ...


As its operations came under threat from nationalization programmes in the countries in which it was present in the 1970s, the bank sought expansion in developed countries, particularly the USA.

A Standard Chartered Bank (HQ) in Singapore.
A Standard Chartered Bank (HQ) in Singapore.

It also proposed a takeover of The Royal Bank of Scotland Group, which would have given it a substantial base in its home country, but this was prevented by a counter-bid from the HSBC and then blocked by competition authorities in 1981. When a hostile takeover bid was made for the Group by Lloyds Bank in 1986 this was successfully defeated. After this, Standard Chartered entered a period of change. Image File history File linksMetadata Download high-resolution version (1600x1200, 517 KB) [edit] Summary Standard Charted Bank, Singapore Main Branch. ... Image File history File linksMetadata Download high-resolution version (1600x1200, 517 KB) [edit] Summary Standard Charted Bank, Singapore Main Branch. ... The Royal Bank of Scotland Group plc (LSE: RBS) is a banking and insurance holding company based in Edinburgh, Scotland. ... HSBC Holdings plc (LSE: HSBA, SEHK: 005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) is one of the largest banking groups in the world, ranked the fifth-largest company and third-largest banking company in the world in Forbes Global 2000. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, with the registered office in Edinburgh, Scotland. ...


The bank made provisions against third world debt exposure and loans to corporations and entrepreneurs who could not meet their commitments. It then began a series of divestments as it sought to re-focus itself on emerging markets.


It divested its stake in the Standard Bank of South Africa in 1987 in response to anti-apartheid pressure and today that bank is one of its major competitors in Africa. Standard Bank Group Limited is one of the most established financial services groups based in South Africa and operating worldwide in 38 countries, including 17 in Africa. ...


In 2000, Standard Chartered acquired Grindlays Bank from ANZ Bank. The move caused some overlap in operations, for instance, giving it a second banking license in Qatar and an additional four branches in Bahrain. It sold both. Local investors bought Grindlays Bahrain and renamed it Commercial Bank of Bahrain. However, in the UAE Standard Chartered integrated the Grindlays' branches into its existing operation there. The Australia and New Zealand Banking Group Limited (Australia and New Zealand Banking Group Limited; ASX: ANZ, NZX: ANZ, NYSE: ANZ), commonly called ANZ, is the third largest bank in Australia, after the National Australia Bank and the Commonwealth Bank. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ...


Grindlays also had branches in areas Standard Chartered didn't want. For instance, rather than adding the Palestinian territories to the list of places in which it did business, Standard Chartered chose to close Grindlays’ Nablus and Ramallah branches; it did, however, keep the branch in East Jerusalem. In Greece, Standard Chartered sold Grindlays' Athens and Pireaus branches to Aspis Bank. This article is about the Palestinian territories as a geopolitical phenomenon. ... Map of the West Bank, with Nablus in the center north. ... Ramallah (Arabic:  ) is a Palestinian city in the West Bank of approximately 57,000 residents. ... East Jerusalem is that part of Jerusalem which was held by Jordan from the 1948 Arab-Israeli War until the Six-Day War in 1967. ... Athens (Greek: Αθήνα - Athína) is the largest city and capital of Greece, located in the Attica periphery of central Greece. ... Piraeus, or Peiraeus (Modern Greek: Πειραιά(ς) Pireá(s), Ancient Greek / Katharevousa: Πειραιεύς Pireéfs) is a city in the prefecture of Attica, Greece, located south of Athens. ... The Aspis Bank (Greek: Aspis) is a Greek banking service. ...


The move's main benefits were an increased presence in private banking and a rapid expansion in India and Pakistan. Standard Chartered retained Grindlays' private banking operations in London and Luxembourg and the subsidiary in Jersey, all of which it integrated into its own private bank. This now serves high net worth customers in Hong Kong,Dubai and Johannesburg under the name Standard Chartered Grindlays Offshore Financial Services. It did, however, sell the Geneva branch and private banking operation to Prudential-Bache International. This article is about the capital of England and the United Kingdom. ... Coordinates: Emirate Dubai Government  - Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ... City motto: Unity in Development Province Gauteng Mayor Amos Masondo Area  - % water 1,644 km² 0. ...


In India, Standard Chartered integrated most of Grindlays' operations, making Standard Chartered the largest foreign bank in the country, despite Standard Chartered having cut some branches and having reduced the staff from 5500 to 3500 people. Among the branch reductions was the sale in 2002 of Grindlays' branch in Srinagar to Jammu and Kashmir Bank and its Shimla and Darjeeling branches to ICICI Bank. This article or section does not cite its references or sources. ... Darjeeling (Nepali: , Bangla: দার্জিলিং) is a town in the Indian state of West Bengal. ... ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is Indias second largest private bank. ...


In Pakistan Standard Chartered merged in Grindlays' operations, making Standard Chartered not only the largest foreign bank in the country[citation needed], but the only one with branches in all four provinces.


Standard Chartered in Latin America

  • 1968 Standard Chartered opened a representative office in México City.
  • 1979 The bank opened representative offices in Sao Paulo, Brazil, and Lima, Peru.
  • 1983 The bank opened a representative office in Caracas, Venezuela.
  • 1991 The bank opened a second representative office in Mexico, this one in Monterey, in the north.
  • 1995 The bank opened a representative office in Bogotá, Colombia.
  • 1996 The bank opened a representative office in Buenos Aires, Argentina.
  • 1998 Standard Chartered purchased Banco Exterior de los Andes y de España (Banco Extebandes) in Colombia and Peru.
  • 2004 Standard Chartered closed its Colombian and Peruvian subsidiaries and retained its representative offices in both countries

1968 (MCMLXVIII) was a leap year starting on Monday. ... Mexico City (Spanish: Ciudad de México) is the federal capital of, and largest city in, Mexico. ... For the song by the Smashing Pumpkins, see 1979 (song). ... This article is about the Brazilian state, São Paulo. ... Nickname: City of the Kings Location within Lima Region Coordinates: Country Peru Region Lima Region Province Lima Province Settled 1535 Government  - Mayor Luis Castañeda Lossio Area  - City 804. ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... Nickname: La Sultana del Avila (English:The Avilas Sultan) La Sucursal del paraiso Motto: Ave María Santísima, sin pecado concebida, en el primer instante de su ser natural. ... 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ... Monterrey is a city in Nuevo León, Mexico. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... Nickname: Athens of Latin America Motto: Bogotá, 2600 metros más cerca de las estrellas Bogotá, 2600 meters closer to the stars Municipalities of Bogotá Country Colombia Department Bogotá, D.C.* Foundation August 6, 1538  - Mayor Luís Eduardo Garzón, PDA Area    - City 1,587 km²  (Expression error: Unrecognised... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... For other uses, see Buenos Aires (disambiguation). ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

Recent Strategic Alliances and Acquisitions

On 15th April 2005, the bank acquired Korea First Bank, beating HSBC in the bid. Since then the bank has rebranded the branches as SC First Bank. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... SC First Bank (hangul:SC제일은행, Spelling your Standard Chartered Korea First Bank) is a bank headquartered in Seoul, South Korea. ...


Standard Chartered completed its integration between Standard Chartered Bank Thailand and Standard Chartered Nakornthon Bank in October. It also formed strategic alliances with Fleming Family & Partners to expand private wealth management in Asia and the Middle East, and acquired stakes in ACB Vietnam, Travelex, American Express Bank in Bangladesh and Bohai Bank in China. The abbreviation or acronym ACB has several different meanings: Association of Clinical Biochemists American Council of the Blind Alliance for the Chesapeake Bay Auckland Central Backpackers Americas Community Bankers Asociaci n de Clubs de Baloncesto This is a disambiguation page — a navigational aid which lists other pages that... Travelex plc is the worlds biggest foreign exchange company. ... American Express (NYSE: AXP), sometimes known as Amex is a diversified global financial services company, headquartered in New York City. ... On September 7, 2005, British bank Standard Chartered announced that it willinvest about US$123 million to buy a 19. ...


On 9th August 2006 Standard Chartered announced that it had acquired an 81% shareholding in the Union Bank of Pakistan in a deal worth $415 million. This represents the first acquisition by a foreign firm of a Pakistani bank and once the merger is complete will make Standard Chartered Pakistan's sixth largest bank. Standard Chartered Bank Limited is Pakistans oldest and largest foreign bank with over 150 branches in the region. ... Union Bank is located in Karachi, Sindh, Pakistan. ...


On 22 October, 2006 Standard Chartered announced that it has received tenders for more than 51 per cent of the issued share capital of Hsinchu International Bank (“Hsinchu”). On completion of the offer, Standard Chartered will have majority ownership of Hsinchu, Taiwan’s seventh largest private sector bank by loans and deposits as at 30 June, 2006. Standard Chartered Bank is a British bank headquartered in London with operations in many countries , especially in Asia and Africa. ... Standard Chartered Bank is a British bank headquartered in London with operations in many countries , especially in Asia and Africa. ... The main landmark of Hsinchu is its East Gate. ...


Its management have not ruled out further acquisitions.


New Global Headquarters

From April 2007 1 Basinghall Avenue will serve as the bank's new global headquarters in the City of London. Moving from nearby Aldermanbury Square the new building will consolidate Standard Chartered's operations in London, which are currently spread across three offices. The bank moved to its current building in 1992, after leaving their historic building on Bishopsgate. 1 Basinghall Avenue will provide two hundred thousand square feet of office space and is being constructed by Stanhope PLC.


Position today

Today the bank is a leading player throughout the developing world. For the Jamaican reggae band, see Third World (band). ...


Standard Chartered Bank is one of the three banks issuing banknotes for Hong Kong, the other two being the Bank of China (Hong Kong) and The Hongkong and Shanghai Banking Corporation. ISO 4217 Code HKD User(s) Hong Kong Inflation 2. ... Bank of China Tower The Bank of China (Hong Kong) (BOCHK, 中國銀行(香港)) (SEHK: 2388) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. ... HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA) , (HKSE: 005) , (Euronext: HSBC) , is one of the largest banking groups in the world. ...


The bank supports marathons in many cities, including London (The City Run), Singapore, Dubai, Lahore, Mumbai, Hong Kong and Nairobi. Modern-day marathon runners Runners in ancient Greece. ... Coordinates: Emirate Dubai Government  - Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ... Lahore (Urdu: لاہور, Punjabi: لہور, pronounced ) is the capital of the province of Punjab, and the second most dense city in Pakistan, also known as the Gardens of the Mughals or City of Gardens, after the significant rich heritage of the Mughal Empire. ... “Bombay” redirects here. ... Nairobi (pronounced ) is the capital and largest city of Kenya. ...


External links

  • SCB Official website
  • SCB Hong Kong website
  • SCB Singapore website
  • SCB Worldwide Directory
  • Standard Chartered 150 Years Timeline
  • SCB Quote and recent Headlines
  • SCB Marathon Site - The Greatest Race on Earth
  • Standard Chartered Board of Directors Information
  • A Hong Kong bank note issued by The Chartered Bank in 1962-1975, front, back
  • SCB Manhattan Credit Card in India

  Results from FactBites:
 
Standard Chartered Bank: Information from Answers.com (732 words)
Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in many countries, especially in Asia, Africa and the Middle East.
Standard Chartered Bank was formed through the merger in 1969 of two British overseas banks: the Standard Bank of British South Africa and The Chartered Bank of India, Australia and China.
Standard Chartered Bank is one of the three banks issuing banknotes for Hong Kong, the other two being the Bank of China (Hong Kong) and the Hongkong and Shanghai Banking Corporation.
Standard Chartered Bank - Wikipedia, the free encyclopedia (476 words)
Standard Chartered Bank was formed through the friendly merger in 1969 of two British overseas banks: the Standard Bank of British South Africa and The Chartered Bank of India, Australia and China.
In 1975 Standard Chartered acquired Union Bank in California, which brought with it branches in Guam, Saipan, Brazil, and Venezuela.
In the late 1980s, Lloyds Bank of the UK launched a hostile takeover bid for Standard Chartered, but this was resisted.
  More results at FactBites »


 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms.