Standard Chartered Bank Bangladesh

Standard Chartered Bank Bangladesh

Standard Chartered Bank Bangladesh (স্ট্যান্ডার্ড চার্টার্ড ব্যাংক বাংলাদেশ) opened its first branch in Bangladesh in 1948, in Chattogram – the nation’s port city and a major trading hub. With the acquisition of Grindlays Bank in August of 2000, they inherited a presence in Bangladesh that dates all the way back to 1905. We also acquired American Express Bank’s commercial banking business in 2006. Today, they are the only multinational universal bank serving the nation. For as long as they have been around, they have been proud to be a partner in progress to Bangladesh.

Overview:

Standard Chartered Bank Bangladesh (স্ট্যান্ডার্ড চার্টার্ড ব্যাংক বাংলাদেশ) is the oldest international bank and they pride themselves not only on our success as an International Bank, but also being best in class and building on a rich history of over 119 years of uninterrupted presence in the nation. Standard Chartered Bank opened its first branch in Bangladesh in 1948.

Today, Standard Chartered Bank is the largest international bank in Bangladesh with 26 Branches & Booths, 97 ATMs and 19 Financial Kiosks; employing over 2,000 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).

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See also:
Banks in Bangladesh

Standard Chartered Bank Bangladesh at a glance:

Bank NameStandard Chartered Bank Bangladesh (স্ট্যান্ডার্ড চার্টার্ড ব্যাংক বাংলাদেশ)
LogoStandard Chartered Bank Bangladesh
Legal StatusPublic Limited Company
Established1948
TypePrivate Bank
CategoryCommercial Bank
OriginForeign Bank
Address67 Gulshan Avenue, Dhaka-1212, Bangladesh
Call Center16233, +8809666777111
Telephone+88-02-55669900, +88-02-8332272, + 88-02-8833003-4
PABX
Fax
Bank Code215
Stock Code
SWIFT CodeSCBLBDDX
E-mailcustomer.enquiries@sc.com
Websitewww.sc.com
Service HoursBusiness day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed
Services
  • Retail Banking
  • SME Banking
  • Personal Banking
  • Priority Banking
  • Islamic Banking
  • Corporate & Institutional Banking
  • Green Banking
  • Deposits
  • Loans
  • Foreign Remittance

History of Standard Chartered Bank Bangladesh:

Standard Chartered Bank is a foreign bank started banking business in Bangladesh in 1905. In course of time, Standard Chartered Bank observed its 100 years presence in this country in 2005. Standard Chartered Bank Plc is a British Bank registered under Royal Charter 1853 with its headquarter in London. Following the purchase of the Global Grindlays Business and merger with the branches of ANZ Grindlays Bank Limited in Bangladesh, it was renamed as Standard Chartered Grindlays Bank PLC on 1 August 2000. The Grindlays Bank Plc was registered in London on the 23 March 1866 as a multinational commercial and merchant banking company under the British Companies Act of 1862. It began operations in East Bengal under the name National Bank of India in 1905 with a branch at sadarghat, Dhaka and another one in Chittagong. An activity of the bank was remained suspended during the war of liberation. It resumed business in Bangladesh in a new name National and Grindlays Bank. The ANZ Group (Australia and New Zealand) bought the global banking business of Grindlays Bank Plc. in 1985 and the transfer of ownership has been completed in 1989, when the National and Grindlays Bank was further renamed as ANZ Grindlays Bank PLC.

By 31 December, 2002 the process of amalgamation of Grindlays and Standard Chartered banks were completed. Standard Chartered also acquired the commercial banking activities of American Express Bank in Bangladesh in October of 2005. The Standard Chartered Bank is now providing its more than three hundred thousands customers with personal, corporate, treasury and other banking related services. Standard Chartered Bank has got a broad-based banking network in Bangladesh. It has got 26 branches and booths as well as 97 ATM Centres in Dhaka, Chittagong, Khulna, Sylhet, Narayanganj and Bogura.

Standard Chartered Bank has a reputation in launching new banking services and providing new products. In Bangladesh Standard Chartered Bank first introduced ATM, Credit Card, Auto Loan, business financial services and other banking facilities. For the first time it started providing offshore banking facilities inside Dhaka Export Processing Zones (DEPZ) in Savar. For the customers Standard Chartered Bank is offering facilities like 24 hours call center, Internet banking, Bills pay center, E-statements, SMS banking, evening and Saturday banking. Standard Chartered Bank has embarked upon Islamic and SME banking services in 2004. In 2007 Standard Chartered Bank has introduced Islamic Banking farcicalities under a separate window named Sadiq, where banking services are provided in accordance with full shariah system, for example, Sadiq Auto Loan, Sadiq Credit Card, Sadiq Personal Finance, and Sadiq Account.

Services Offered by Standard Chartered Bank Bangladesh:

Standard Chartered Bank Bangladesh offers a wide range of banking services catering to both individual customers and businesses. Below are the primary services provided:

1. Retail Banking Services:

  • Savings and Current Accounts: Various account types for daily banking and saving needs.
  • Personal Loans: Offers unsecured personal loans for individual needs like education, weddings, or medical expenses.
  • Home Loans: Mortgage loans for purchasing or building a home, with competitive interest rates and flexible terms.
  • Credit Cards: A range of credit cards offering benefits like cashback, reward points, and travel perks.
  • Auto Loans: Financing options for purchasing vehicles with attractive interest rates.
  • Wealth Management: Investment advisory services, mutual funds, and insurance solutions tailored to personal financial growth.
  • Digital Banking: Online and mobile banking platforms for easy access to services like fund transfers, bill payments, and account monitoring.
  • Priority Banking: Exclusive services for high-net-worth clients, offering personalized financial solutions, priority access, and wealth advisory.

2. Corporate and Institutional Banking:

  • Trade Finance: Solutions for international and domestic trade, including letters of credit, export financing, and trade guarantees.
  • Cash Management: Services to help businesses manage liquidity, payments, and collections efficiently.
  • Corporate Loans: Financing options for working capital, capital expenditure, and project financing.
  • Foreign Exchange Services: Currency exchange, hedging, and risk management solutions for businesses engaged in cross-border transactions.
  • Treasury and Risk Management: Specialized solutions for managing interest rate risk, currency risk, and liquidity.
  • Sustainability Finance: Funding for green projects and sustainable business initiatives.

3. SME Banking:

  • Business Loans: Financing options for small and medium-sized enterprises (SMEs) to support their growth and expansion.
  • Working Capital Solutions: Overdrafts, term loans, and invoice financing to support day-to-day operations.
  • Digital Business Banking: Online platforms designed to help SMEs manage their finances, make payments, and monitor transactions seamlessly.

4. Islamic Banking (Saadiq):

  • Shariah-compliant Banking: Banking products and services that comply with Islamic principles, including savings accounts, financing, and investment products.
  • Murabaha and Ijarah: Financing solutions based on Islamic principles, such as profit-sharing and leasing models.

5. Digital Banking:

  • SC Mobile App: A comprehensive mobile banking application that allows customers to manage their accounts, transfer funds, pay bills, and access banking services online.
  • Online Banking: Secure and easy-to-use platform for personal and corporate clients to perform banking tasks from any location.

6. Treasury Services:

  • Foreign Exchange Services: Currency exchange services for both retail and corporate clients.
  • Derivatives and Hedging: Products for managing financial risks related to foreign exchange, interest rates, and commodities.

7. Custody and Securities Services:

  • Custody Services: Safe and efficient management of securities for institutional investors.
  • Securities Trading and Settlement: Facilitates trading and settlement services for investors in the local and international markets.

Contact

Standard Chartered Bank Bangladesh, Head Office: 67 Gulshan Avenue, Dhaka-1212, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16233, +8809666777111
Telephone: +88-02-55669900, +88-02-8332272, + 88-02-8833003-4
Fax:
Bank Code: 215
SWIFT Code: SCBLBDDX
Email: customer.enquiries@sc.com
Website: www.sc.com/bd

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