SCB BD (officially M/S Standard Chartered Bank Bangladesh Pvt. Ltd.) is a banking and financial services company headquartered in Dhaka, Bangladesh and a wholly owned subsidiary of Standard Chartered. Standard Chartered has been operating in Bangladesh for over a hundred years. After the partition of the subcontinent in 1947, Bangladesh became East Pakistan, thereafter Standard Chartered Bank started its business in 1948, in the port city of Chittagong. Standard Chartered Bank is doing well in Bangladesh. Debit card fee is at least 690 BDT (inclusive of 15% VAT) per year. Account maintenance fee for savings account is 690 BDT (inclusive of 15% VAT) which is taken as 345 BDT (inclusive of 15% VAT) each six months (usually on January 1 and June 30).
Standard Chartered Bank is currently promoting Saadiq Banking. Standard Chartered Bank Bangladesh has recently, as of January 2014 eased the procedure of getting International Credit Card and have come into competition by providing Visa and Master cards.
While private banks like Dutch Bangla Bank Limited and BRAC Bank Limited have booths all over the country, the bank is holding limited space here though it is one of the largest foreign banks in Bangladesh. It has branches in Bogra, Chittagong, Dhaka, Khulna, Savar and Sylhet. They have ATM booths almost all over Dhaka and Chittagong. Standard Chartered Bangladesh has bought out the Bangladesh operations of various other foreign banks such as Grindlays Bank and American Express.
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At a glance
- Country Chief Executive Officer: Abrar A. Anwar
- Local time: GMT +6 hours
- Language: Bengali, English
- Population: 166 million (July 2014 est.)
- Currency name: Taka (BDT)
- No. of branches: 26
- No. of ATM: 83
- Established: 1905 (including ANZ Grindlays experience; Standard Chartered Bank originally established its first branch in Chittagong in 1948)
- The oldest and largest foreign bank in Bangladesh
- Only bank that never closed its doors over 110 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
Corporate Social Responsibility at Standard Chartered Bank, Bangladesh
- Health
- Women Empowerment
- Research & Publications
- Arts & Culture
- Education
- Environment & Climate Change
- Community Initiatives
Source of the article : Wikipedia
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