Standard Chartered Pakistan
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". 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.[1]
History
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.[2]
In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan.[3] The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000.[4][5] 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.[3]
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.[6][7][8]
FinCEN
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.[9]
See also
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References
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- ↑ a b Script error: No such module "citation/CS1".
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- ↑ "Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd" Standard Chartered, 6 September 2006
- ↑ "Standard Chartered acquires Union Bank" The Dawn, 5 September 2006
- ↑ "Standard Chartered Bank (Pakistan) Limited | EMIS "securities.com
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External links
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