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Standard Chartered Bank Pakistan Limited (SCBPL) is the oldest and largest global bank in Pakistan.
| STANDARD CHARTERED BANK IN PAKISTAN STOCK EXCHANGE (Rs) | ||||
|---|---|---|---|---|
| Date | LDCP | Open rate | Closing rate | Turnover |
| 1-Jan-16 | 21.9 | 22.49 | 22.49 | 3,500 |
| 4-Jan-16 | 22.49 | 21.75 | 21.41 | 31,000 |
| 5-Jan-16 | 21.41 | 21.88 | 21.7 | 1,000 |
| 6-Jan-16 | 21.7 | 21.5 | 21.36 | 3,000 |
| 7-Jan-16 | 21.36 | 21.83 | 21.7 | 3,000 |
| 8-Jan-16 | 21.7 | 21.69 | 21.7 | 1,500 |
| 11-Jan-16 | 21.7 | 20.8 | 20.94 | 1,500 |
| 12-Jan-16 | 20.94 | 21 | 21 | 1,000 |
| 13-Jan-16 | 21 | 21.1 | 20.85 | 6,500 |
| 14-Jan-16 | 20.85 | 20.85 | 21.49 | 1,500 |
| 15-Jan-16 | 21.49 | 20.81 | 21 | 9,000 |
| 18-Jan-16 | 21 | 20.15 | 21.5 | 14,000 |
| 19-Jan-16 | 21.5 | 21.75 | 20.7 | 3,500 |
| 21-Jan-16 | 20.7 | 21 | 21 | 500 |
| 27-Jan-16 | 21 | 20.41 | 20.41 | 1,000 |
| 28-Jan-16 | 20.41 | 20.51 | 20.55 | 2,000 |
| Date | LDCP | Open rate | Closing rate | Turnover |
| 1-Feb-16 | 20.55 | 21 | 21.1 | 4,500 |
| 2-Feb-16 | 21.1 | 21.25 | 21.93 | 9,500 |
| 3-Feb-16 | 21.93 | 21.5 | 21.4 | 1,000 |
| 4-Feb-16 | 21.4 | 21.11 | 21.5 | 7,500 |
It is also the first global bank to be awarded Islamic banking license and the first to open an Islamic banking branch. 2013 marked Standard Chartered’s 150th anniversary in the country. SCBPL serves both Retail and Corporate and Institutional Banking clients/customers. Retail Banking offers personal loans, credit cards, mortgages, deposit taking and wealth management services to small to medium sized enterprises and individuals. Corporate and Institutional Banking offers customers with services in trade finance, cash management, foreign exchange, lending, securities services, debt capital markets and corporate finance.
SCBPL also provides a complete suite of Islamic banking solutions under its Standard Chartered Saadiq brand. SCBPL employs over 4,500 staff in the country and has a network of 116 branches of which 10 are dedicated Standard Chartered Saadiq branches as well as 191 ATMs.
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STANDARD CHARTERED BANK IN PAKISTAN STOCK EXCHANGE (January, 2016) |
||||
|---|---|---|---|---|
| Date | LDCP | Open rate | Closing rate | Turnover |
| 1-Jan-16 | 21.9 | 22.49 | 22.49 | 3,500 |
| 4-Jan-16 | 22.49 | 21.75 | 21.41 | 31,000 |
| 5-Jan-16 | 21.41 | 21.88 | 21.7 | 1,000 |
| 6-Jan-16 | 21.7 | 21.5 | 21.36 | 3,000 |
| 7-Jan-16 | 21.36 | 21.83 | 21.7 | 3,000 |
| 8-Jan-16 | 21.7 | 21.69 | 21.7 | 1,500 |
| 11-Jan-16 | 21.7 | 20.8 | 20.94 | 1,500 |
| 12-Jan-16 | 20.94 | 21 | 21 | 1,000 |
| 13-Jan-16 | 21 | 21.1 | 20.85 | 6,500 |
| 14-Jan-16 | 20.85 | 20.85 | 21.49 | 1,500 |
| 15-Jan-16 | 21.49 | 20.81 | 21 | 9,000 |
| 18-Jan-16 | 21 | 20.15 | 21.5 | 14,000 |
| 19-Jan-16 | 21.5 | 21.75 | 20.7 | 3,500 |
| 21-Jan-16 | 20.7 | 21 | 21 | 500 |
| 27-Jan-16 | 21 | 20.41 | 20.41 | 1,000 |
| 28-Jan-16 | 20.41 | 20.51 | 20.55 | 2,000 |
Presently the Bank, a market leader in electronic payments, takes yet another step towards digitization by introducing Round-the-Clock Remote Corporate Cheque Printing facility for China Mobile Pakistan (ZONG). The customer can now print cheques any time of the day or week at their own premises, by the Bank’s Internet-based worldwide delivery channel Straight2Bank. While existing options in the market today involve manual processes and authorization, which is prone to risk and error.
Standard Chartered’s solution is completely automated with in built security, controls and audit trail features. By this solution clients have an added benefit in their treasury operations through improving control, and bringing more efficiencies to their disbursement processes through controlling them centrally in the head office via Straight2Bank; while declining the turnaround time for delivery of payment to beneficiaries through printing these cheques directly in their own premises in remote or out of town locations in Pakistan.
As part of the SCBPL’s promise to put its customers’ needs front, the Remote Cheque printing service is available round-the-clock. Now customers can continue to make cheque disbursements after banking hours. All bank’s customers in the country have access to this latest service via secure online banking portal Straight2Bank.
SCBPL continues to deliver strong financial highlights with a profit before tax of Rs12.7 billion as against to Rs11.4 billion in the last period recording a 12 percent growth year on year. It has been calculated that revenue has improved by 9 percent in comparison with the last period.
Administrative costs continue to be tightly managed. The cost discipline despite selective investments leads to decline of 9 percent in entire administrative costs. The deposit momentum continued with a growth of above 9 percent since the start of this year.
The continuous rise in low cost deposits has considerably supported the SCBPL’s presentation with saving and current account now consists over 90 percent of the deposits base. This has resulted in the bank having one of the lowest costs of deposits in Pakistan.
On September 2, 2015, the bank entered into a SPA (sale purchase agreement) with Orix Leasing Pakistan Ltd in respect of divestment of its overall stake in its subsidiaries like; standard chartered modaraba (SCM) (20%), standard chartered leasing Ltd (SCLL) (86.45%) standard chartered services of Pakistan (Pvt) Ltd (SCSP) (100%).
Standard Chartered was assigned a rating of AAA/ A1+ through PACRA. During 2012 and 2013 it won the award for Best Bank in Pakistan through the Asset triple A for two consecutive years.