Standard+Chartered
Standard Chartered Introduction
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London,United Kingdom. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Africa, Asia and the Middle East.
Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately ￡33 billion as of 23 December 2011, the 13th-largest of any company with a primary listing on the London Stock Exchange.[2] It has secondary listings on the Hong Kong Stock Exchange and theNational Stock Exchange of India. Its largest shareholder is the Government of Singapore-owned Temasek Holdings.
History
Standard Chartered Bank was formed in 1969 through the merger of two separate banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.These banks had capitalized on the expansion of trade between Europe, Asia and Africa.
The Chartered Bank
The Chartered Bank was founded by James Wilson following the grant of a Royal Charter by Queen Victoria in 1853.
The bank opened in Mumbai (Bombay), Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.
The traditional trade was in cotton from Mumbai, indigo and tea from Kolkata, rice from Burma, sugar from Java, tobacco from Sumatra, hemp from Manila and silk from Yokohama.
The bank played a major role in the development of trade with the East following the opening of the Suez Canal in 1869 and the extension of the telegraph to China in 1871.
In 1957 Chartered Bank bought the Eastern Bank, together with the Ionian Bank's Cyprus Branches and established a presence in the Gulf.
The Standard Bank
The Standard Bank was founded in London in 1862 by John Paterson from the Cape Colony in South Africa, and started business in Port Elizabeth in the following year.
The bank was prominent in financing the development of the diamond fields of Kimberley from the 1870s. It later extended its network further north to the new town of Johannesburg when gold was discovered there in 1886.
The bank expanded in Southern, Central and Eastern Africa and had 600 offices by 1953.
In 1965, it merged with the Bank of West Africa, expanding its operations into Cameroon, Gambia, Ghana, Nigeria and Sierra Leone.
In 1987 Standard Chartered Bank sold its stake in the Standard Bank, which now operates as a separate entity
Brand and Values
By doing things the right way, we can support our customers and clients while having a positive impact on the wider economy.
Long-term profit can't be seen in isolation. We believe our sustained success is dependent on healthy economies, where societies flourish
It's our new brand promise. Though in reality, it's our oldest belief. It's what we've been doing for the past 150 years, and our aim for the next. To be here for people. Here for progress. Here for the long run.
Significance influence
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London, Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.
With 1,700 offices in 68 markets, the Group offers exciting and challenging
international career opportunities to over 89,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.
In China, the Bank set up its first branch in Shanghai in 1858 and has remained in operation throughout the past 155 years. Standard Chartered Bank (China) Limited is one of the first foreign banks to locally incorporate in China in April 2007. This demonstrates the Bank's commitment to the China market, and its leading position as a foreign bank in the banking industry. Standard Chartered has one of the largest foreign bank networks in China – with 23 branches, 76 sub-branches and 1 Village Bank.
In 2012, Standard Chartered China received many awards and honors, including the "Best Public Welfare and Charity Contribution Award" and "Best Practice of Social Responsibility Award" from China Banking Association, "Outstanding Contribution Award" from China Bank Association Foreign Bank Working Committee, "China's Ideal Employer among Business students - Top 20" from Universum, "The most progressive branch for SME services" from CBRC, "Best User Experience Award 2012" for Remote Banking from Internet Banking Union, "2012 China Top 10 Best Retail Banks" and "Top 10 Best Bank Wealth Management Brands" by Money Week, "Prominent Competence Bank on SME Service Award" from China Business, "Best Cash Management Award" from the Economic Observer, "Best Supply Chain Finance Award", "Best Cross-border Trade Settlement Award" and "Best Corporate Internet Platform Award" from CFO World, "JinBei Award of 2011-2012 Best Asset Management Brand" from 21 Century Business Herald, "2012 Most Innovative Financial Service" for Unsecured Personal Loan from Manager Magazine, and etc.