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PK News Media 2013 10

Standard Chartered Bank is celebrating its 150th anniversary of operations in Pakistan. The bank first opened an agency office in Karachi in 1863, making it the oldest and largest international bank in the country. It now has 121 branches across 24 cities and over 4,500 employees in Pakistan. The bank's CEO commented that Standard Chartered remains committed to Pakistan's long-term growth and development after 150 years of partnership with clients, customers, and regulators. Over the years, the bank has transformed to become an integral part of Pakistan's social and economic fabric.

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19 views3 pages

PK News Media 2013 10

Standard Chartered Bank is celebrating its 150th anniversary of operations in Pakistan. The bank first opened an agency office in Karachi in 1863, making it the oldest and largest international bank in the country. It now has 121 branches across 24 cities and over 4,500 employees in Pakistan. The bank's CEO commented that Standard Chartered remains committed to Pakistan's long-term growth and development after 150 years of partnership with clients, customers, and regulators. Over the years, the bank has transformed to become an integral part of Pakistan's social and economic fabric.

Uploaded by

Khizar Says
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FOR IMMEDIATE RELEASE

Standard Chartered is Here for Good in Pakistan


Oldest and largest international bank celebrates 150 years
creating history from generation to generation

KARACHI, 27 Mar 2013 – Standard Chartered Bank, the country’s largest and longest serving
international bank is celebrating the 150th anniversary of its operation in Pakistan.

Headquartered in London, Standard Chartered’s banking legacy of over 150 years comes from
some of the world’s most dynamic markets in Asia, Africa and the Middle East.

In Pakistan, Standard Chartered which started as The Chartered Bank first set up its agency
office in Karachi on 23 March 1863. The Bank now has 121 branches spread across 24 cities.
Besides being crucial to its operations, the Bank employees a workforce of over 4,500
employees.

Commenting on this special milestone, Mohsin Nathani, CEO, Standard Chartered Pakistan
said, “Standard Chartered has been committed to the long term growth and development of this
country. This commitment has spanned one and a half century and remains just as strong
today. We are proud to be part of Pakistan’s rich heritage and history. Our journey has been
partnered through support from our clients, customers and regulators. Thank you for believing in
our ability to contribute towards growth and development in Pakistan.”

The last decade has seen the bank transforming itself to become part of the social and
economic fabric of the country. In 2000, the Bank acquired the operations of ANZ Grindlays
Bank. 2006 saw the largest ever acquisition in Pakistan when it acquired Union Bank which
resulted it to be the first international bank to be locally incorporated.

1
Over the years, Standard Chartered has won many accolades. Among others, it won the award
for ‘Best Bank’ in Pakistan by The Asset Triple A 2012 for the second consecutive year. It was
also crowned ‘Best Foreign Commercial Bank in Pakistan’ from Finance Asia Country Awards
for 2011 and 2012. The awards reflect both Standard Chartered’s roots and expertise in Asia, a
key region for the Bank’s long-term growth strategy.

--- ENDS ---

For further information please contact:

Farhan Ahmed Tasneem Mirza


Head of Corporate Affairs Manager, Media Relations
Tel # +92 21 32450239 Tel # + 92 21 32450942
Cell# 0302-8241311 Cell# 0300-2185899
Farhan.ahmed@sc.com Tasneem.Mirza@sc.com

Note to Editors:

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 more than 90 per cent of its 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
and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career
opportunities for nearly 87,000 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’.

For further information please visit www.standardchartered.com. Follow Standard Chartered at


www.facebook.com/standardchartered and on Twitter @StanChart.

Standard Chartered Pakistan

Standard Chartered Bank (Pakistan) Ltd. is the oldest and largest international bank in Pakistan. It is also
the first international bank to be awarded Islamic banking licence and the first to open an Islamic banking
branch.

This year marks Standard Chartered’s 150th anniversary in Pakistan. The Bank, which started as the
Chartered Bank opened its first office in Karachi in March 1863.

The Banks serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit
cards, personal loans, auto loans, mortgages, deposit taking and wealth management services to
individuals and small to medium sized enterprises. Wholesale Banking provides corporate and
institutional clients with services in trade finance, cash management, lending, securities services, foreign
exchange, debt capital markets and corporate finance. It also offers a complete suite of Islamic banking
solutions under its Standard Chartered Saadiq brand.

2
Standard Chartered was assigned a rating of AAA/ A1+ by PACRA. In 2011 and 2012 it won the award
for Best Bank in Pakistan by The Asset Triple A for two consecutive years.

The Bank employs over 4,500 people in Pakistan and has a network of 121 branches of which 15 are
dedicated Standard Chartered Saadiq branches as well as 193 ATMs.

For further information, please visit www.standardchartered.com.pk. Follow Standard Chartered Pakistan
on Facebook at www.facebook.com/standardcharteredpk

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