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. It is the oldest and largest foreign bank in Pakistan with over 140 branches in the country.
Standard Chartered Bank Pakistan
Standard Chartered bank (Pakistan) Limited is a private type bank in Pakistan. It is not only the oldest but also the largest foreign bank of Pakistan. It has more than 150 branches throughout Pakistan. Standard chartered bank was established in the year 1863; initially it started its functions in Karachi. In the year 2006, standard chartered bank owned Union Bank and later on in the same year, it was merged with Union bank and Pakistan's sixth largest bank was came into being after.
Functions and Services
Standard Chartered Bank (Pakistan) Limited is currently performing following functions and providing following services:
Credit Cards
Mortgages
Personal Loans
Auto Loans
Deposit accounts
Wealth management products
Foreign Exchange
Spot and Forward
Asset &Liability management
Internet rate / Liquidity management
Short term loans/ deposits
Economics Research and Analysis
Customer Risk Management
Non deliverable forwards
FX option
Interst rate derivatives
Interest rate swaps
Cross currency swaps
FRAs
Interest rate options
Financial engineering
Customer Solutions and Risk Management
Standard Chartered Bank (Pakistan) offers wide range of facilities that ensure the solution; these solutions may be of following type:
Protection against adverse market movements
Foreign exchange
Interest rates
Funding, enhanced deposits
Corporate finance
Transaction, translation, economic exposure
Acquisitions, disposals, CAPEX, dividends
Access to onshore markets using SCB's capabilities
Structured products to match customers' risk appetite and requirements
Execution and advice on efficient hedging policy implementation
