General banking operation on Standard Chartered Bank

Abstract

Standard Chartered Bank opened its doors as the Chartered Bank in Bangladesh in 1948, opening its first branch in the port city, Chittagong. The branch was opened mainly to facilitate the post-war-re-establishment and expansion of South and Southeast Asia. The bank opened its first branch in Dhaka in 1966 and shifted its headquarters from Chittagong to Dhaka after the birth of the Republic of Bangladesh in 1971.This is the only bank that did not close its doors during the Liberation War in Bangladesh in 1971. Standard Chartered Bank is committed to the pursuit of excellence through world-class services, innovative processes and empowered employees to provide the highest level of satisfaction to its customers. The main services of Standard Chartered Bank are providing the better service to the customers providing unique and friendly product. Standard Chartered Bank is offering different products and services through accounts and loan as well as credit cards. On this business, company takes the responsibility to provide low interest rate loan and high quality services which would be improved the banking culture and practice in the Bangladesh. Bangladesh is the ninth largest economy in the world. For smooth monetary transaction there are fifty two commercial banks. Among them Standard Chartered Bank (SCB) is one of the leading multinational bank. SCB achieved the number one position in banking by Cash Management, and Trade activities. In SCB Corporate banking generates more than 40% of its revenue group while Treasury contributes more than 20% to the overall revenue. The goal of SCB is to be the "Bankers of First Choice." Standard Chartered has over 600 offices in 71 countries with a strategic focus on the Emerging Markets of Asia, Africa, the Middle East and Latin America. The name Standard Chartered comes from two original banks from which it was founded. One of the banks is the Chartered Bank of India, Australia and China and the other bank is the Standard Bank of British South Africa. In Bangladesh, Standard Chartered Bank is one of the leading multinational banks. To maintain its leading position in the Bangladesh, SCB has always been keen to develop long-term beneficial relationship with trustworthy clients. To achieve this end, they have always upgraded their approaches to achieve top-level performance. In the year 2005 Standard Chartered Bank celebrates its 100 years of successful operation in Bangladesh.