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Standard Chartered Bank

Standard Chartered Bank Bangladesh

Standard Chartered Bank

Full Description

About us

  • Country Chief Executive Officer: Jim McCabe
  • Local time: GMT +6 hours
  • Language: Bengali, English
  • Population: 164 million (July 2010 est.)
  • Currency name: Taka (BDT)
  • No. of branches: 26
  • Established: 1905 (including ANZ Grindlays experience; Standard Chartered Bank originally established its first branch in Chittagong in 1948)
  • We are the oldest and largest foreign bank in Bangladesh
  • Only bank that never closed its doors over 100 years of banking operation in the country
  • First international bank to extend credit lines to Bangladesh and open the first external letter of credit (LC) in Bangladesh in 1972
  • Financial Institutions business is the largest contributor to USD Clearing in New York
  • A leading price player in treasury instruments and foreign currencies
  • Leader and pioneer in Consumer Banking

Today, Standard Chartered Bank is the largest international bank in Bangladesh with 26 Branches, 57 ATMs and 7 Financial Kiosks; employing over 1,300 people. We are the only foreign bank in the country with presence in 6 cities – Dhaka, Chittagong, Khulna, Sylhet, Bogra and Narayanganj; including the country’s only offshore banking units inside Dhaka Export Processing Zone (DEPZ) at Savar and Chittagong Export Processing Zone (CEPZ).

The acquisitions of Grindlays bank (in 2000) and the commercial banking business of American Express Bank in Bangladesh (in 2006) are reflections of the Bank’s increasing commitment to Bangladesh. The bank increasingly invested in people, technology and premises as its business grew in relation to the country’s thriving economy. We currently provide both Consumer Banking and Wholesale Banking Services, ranging from Personal & Corporate Banking to Institutional Banking, Treasury and Custodial services. Extensive knowledge of the market and essential expertise in a wide range of financial services underline our strength to build business opportunities for corporate and institutional clients in Bangladesh. Continuous upgrading of technology and control systems has enabled the bank to offer new and improved services such as Phonebanking, I-banking, e-Lending.

Principal Office Address: 67 Gulshan Avenue, Gulshan, Dhaka 1212, Bangladesh Tel: + 880 2 8833003 – 4

Recent Achievements
  • First commodity derivatives in Bangladesh and cotton hedge for the Group for Square Textiles
  • Joint lead arranger for country’s first 5 year Asset backed Securitization (ABS)
  • Record Call Account growth in RAJUK fund – Ranked first among all collecting banks
  • Enhancement of Microfinance: BRAC, BURO, Shakti
  • First country to go live with IFRS compliant IMEX
  • Consumer Banking new asset product system e-Lending introduced
  • Rolled out RCMS on eBBS, first time in Group
  • Pioneer country in e-CDD rollout
  • ‘Best Bank’ for Corporate Social Responsibility for 2006 by Bankers’ Forum
  • ‘Best Retail Bank in Bangladesh’ award in The Asian Banker Excellence in Retail Financial Services programme for its performance in 2007
  • ‘National Best Corporate’ Award 2007 by Institute of Cost Management Accountants
  • “Best IT Use Award 2007” by Bangladesh Association of Software & Information Services (BASIS)
  • ‘Best Employer of IBA Graduates’ in 2008 by IBA Alumni Association
  • “Best Foreign Commercial Bank in Bangladesh” by FianaceAsia in 2009 & 2010
Points of interest
  • Flagship country for the Seeing is Believing initiative where we built an Operation Theatre and Children’s Ward at Islamia Eye Hospital to provide cataract surgery to at least 12,000 patients per annum
  • We jointly initiated the ‘Standard Chartered-Financial Express Corporate Social Responsibility Award’ in 2006
  • Leading bank in community activities (please refer to CSR Activities below for details)


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Standard Chartered Bank, 4.7 out of 5 based on 3 ratings




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