August 24, 2016 8:35 AM ET

Banks

Company Overview of Standard Chartered Bank

Company Overview

Standard Chartered Bank, together with subsidiaries, provides a range of banking products and services to personal and business customers primarily in Asia, Africa, the Middle East, Europe, and the Americas. Its personal banking services include savings and accounts products, loans, mortgages, credit cards, insurance products, investments, and employee banking services. The company also provides transaction banking services, such as cash management, trade services, and securities services; financial markets products, including commodities, foreign exchange, capital markets, and structuring products; and corporate finance products comprising project and export, mergers and acquisitions, struc...

1 Basinghall Avenue

London,  EC2V 5DD

United Kingdom

Founded in 1853

83,868 Employees

Phone:

44 20 7885 8888

Fax:

44 20 7885 9999

Key Executives for Standard Chartered Bank

Chairman and Group Chief Executive Officer
Age: 54
Head of External Communications, Group Technology & Operations
Regional Chief Executive Officer for ASEAN and South Asia
Age: 50
Chief Executive Officer for Singapore Operations
Chief Executive Officer of Commercial & Private Banking
Age: 42
Compensation as of Fiscal Year 2016.

Standard Chartered Bank Key Developments

Standard Chartered Bank Issues Total of $3 Billion of International Bonds

Standard Chartered Bank issued a total of $3 billion of international bonds. The bank issued a pair of fixed-rate bonds valued at $1.25 billion and $1 billion maturing February 19, 2027, and August 19, 2019, respectively. The 2027 bond carries a coupon of 4.3% and was sold at an initial issue price of 99.416%. The 2019 bond carries a coupon of 2.1% and was sold at an initial issue price of 99.824%. The bank also placed $750 million of bonds maturing August 19, 2019, with a coupon of three-month U.S. dollar LIBOR plus 1.13%. The initial issue price was set at 100%.

Standard Chartered Bank Reports Audited Consolidated and Company Earnings Results for the Year Ended December 31, 2015

Standard Chartered Bank reported audited consolidated and company earnings results for the year ended December 31, 2015. For the year, on consolidated basis, the company reported net interest income was $9,506 million against $5 million a year ago. Operating income was $15,219 million against $18,202 million a year ago. Loss before taxation was $1,407 million against profit of $4,147 million a year ago. Loss attributable to parent company shareholders was $2,631 million against profit of $1,875 million a year ago. Net cash used in operating activities was $27,057 million against cash from operating activities of $52,541 million a year ago. Purchase of property, plant and equipment was $130 million against $189 million a year ago. For the year, on company basis, the company reported net cash used in operating activities was $25,346 million against cash from operating activities of $44,183 million a year ago. Purchase of property, plant and equipment was $73 million against $82 million a year ago.

Standard Chartered Bank Opens Exellerator - the Bank's New Innovation Lab

Standard Chartered Bank announced the opening of the eXellerator - the Bank's innovation lab located in Singapore. The eXellerator builds upon Standard Chartered's established technology outpost in Silicon Valley, SC Studios, and is the first of such a dedicated and strategic space for the Bank in Asia. The eXellerator in Singapore will work closely with the business units within the Bank and explore the use of emerging technologies and data science for sustainable business solutions. The lab is located at the heart of Singapore's dynamic financial district in the Bank's main office building at Marina Bay Financial Centre.

Similar Private Companies By Industry

Company Name Region
Abbey National Bank PLC Europe
Airdrie Savings Bank Limited Europe
AKCB Finance Ltd Europe
Al-Bank Al-Saudi Al-Alami Ltd Saudi Int’l Bank Europe
Atlas Capital Group Holding S.A. Europe

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
November 10, 2015
Far East Energy Corp.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Standard Chartered Bank, please visit www.sc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.