Standard Chartered PLC
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| Public limited company | |
| Traded as | |
| Industry | Banking, Financial services |
| Predecessor | |
| Founded | 1969 |
| Headquarters | London, UK |
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Area served
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Worldwide |
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Key people
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| Services |
Credit cards Consumer banking Corporate banking Investment banking Mortgage loans Private banking Wealth management |
| Revenue | US$ 14.060 billion (2016) |
| US$ 0.409 billion (2016) | |
| US$ (0.191) billion (2016) | |
| Total assets | US$ 646.692 billion (2016) |
| Total equity | US$ 44.368 billion (2016) |
| Website | www |
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,200 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 Asia, Africa and the Middle East, where it often acts as an "Intermediary Bank" in transnational transactions.
Standard Chartered has a primary listing on the and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £24.4 billion as of 4 April 2017, the 28th-largest of any company with a primary listing on the London Stock Exchange. It has secondary listings on the and the . Its largest shareholder is the Government of Singapore-owned Temasek Holdings.
The name Standard Chartered comes from the names of the two banks from which it was formed by merger in 1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa.
The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853. Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859. The Bank started issuing banknotes of the Hong Kong dollar in 1862.
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Wikipedia