Mortgage securitization project of Standard Chartered Bank

Abstract

In Bangladesh there are numbers of bank stands among them some bank are known as government bank, some are known as private & some other are known as foreign bank or multinational bank. The subtotal of all banks in Bangladesh stands at 52, among them Standard Chartered Bank (SCB) is the leading multinational bank which successfully operate their business in Bangladesh. Standard Chartered Bank opened its first branch in Chittagong in 1947 which, at that time was the eastern region of the newly created Pakistan. The bank opened its first branch in Dhaka in 1966 and shifted it’s headquarter from Chittagong to Dhaka after the birth of the Republic of Bangladesh in 1971. The bank has a great history and it create a huge impact on bank business. Standard Chartered Bank is the market leader in all aspects of the banking industry, with the exception of their competitive position in Lending due to its conservative stance on taking too large an exposure on the comparatively volatile Bangladeshi market. As a result, the bank has shifted its portfolio from lower to higher quality lending compared to other banks operating in Bangladesh. It is inevitable that better approaches and frameworks will come up in the future because of Standard Chartered Banks relentless determination to lead the way in the banking sector in Asia, Africa and the Middle East. Standard Chartered started the mortgage business in Bangladesh in 2007. After starting this business Standard Chartered Bank became the market leader in mortgage loan within 2 years. Standard Chartered Bank always insured the security of their assets. In this report I focused on how the Standard Chartered Bank secured their mortgage loan.