Standard Chartered Pakistan

Standard Chartered Bank (Pakistan) Limited (SCBPL)

Headquarters of Standard Chartered Bank in Karachi
Company type	Public
Traded as	PSX: SCBPL KSE 100 component
Industry	Banking
Founded	March 1863; 161 years ago (1863-03)
Headquarters	Principal Office Karachi-74000, Pakistan
Key people	Rehan Muhammad Shaikh CEO
Products	Loans, credit cards, debit cards, savings, consumer banking, business banking, and Islamic banking
Revenue	Rs. 107.48 billion (US$370 million)[1] (2023)
Operating income	Rs. 89.22 billion (US$310 million)[1] (2023)
Net income	Rs. 42.62 billion (US$150 million)[1] (2023)
Total assets	Rs. 1.00 trillion (US$3.5 billion)[1] (2023)
Total equity	Rs. 96.22 billion (US$330 million)[1] (2023)
Number of employees	2,072[1] (2023)
Parent	Standard Chartered
Website	sc.com/pk

Standard Chartered Pakistan is a Pakistani commercial bank headquartered in Karachi. It is a wholly-owned subsidiary of British multinational bank Standard Chartered and is one of the oldest foreign commercial bank in Pakistan.^[2]

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.^[3]

In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan.^[4] The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000.^[5][6] At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches.^[4]

In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan), to create Pakistan's sixth largest bank.^[7][8][9]

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.^[10]

• Banking in Pakistan
• Union Bank (Pakistan)

• Standard Chartered Pakistan

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