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Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia , Africa , and the Middle East .
It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. [1] The bank serves retail customers, corporate customer, and medium to large business enterprises. As of December 2011, it was the fifth-largest commercial bank in Tanzania, by assets, with an estimated asset base of US$793.1 million (TZS:1.24 trillion).
It was established on 1 April 2011 under the Financial Services Commission Act 2010 which replaced the former Securities Commission, Supervisor of Insurance, and the Co-operatives Department. [2] It contains 4 regulatory divisions: The insurance division, the credit union division, the securities division, and the pensions division.
Standard Chartered India (officially Standard Chartered Bank India Branches) is a foreign branch of Standard Chartered, incorporated in the United Kingdom with limited liability. [1] It is considered as a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the Reserve Bank of India (RBI).
Standard Chartered Singapore (officially Standard Chartered (Singapore) Limited) is the Singapore based subsidiary of British banking and financial services company, Standard Chartered. Opening its first branch in 1859, the bank is one of the oldest in continuous operation in Singapore. [ 1 ]
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
Standard Chartered Nepal (officially Standard Chartered Bank Nepal Limited; Nepali: स्टान्डर्ड चार्टर्ड बैंक नेपाल लिमिटेड) is a banking and financial services company in Nepal and a subsidiary of Standard Chartered PLC. Currently it is the only international commercial bank ...
CFC Bank Limited (CFC Bank) was incorporated in 1955 as Credit Finance Corporation, a finance institution, and was listed on the Nairobi Stock Exchange. [11] Due to changing trends, regulatory requirements in the Kenyan banking industry and the need to meet growing customer requirements, Credit Finance Corporation obtained a commercial banking license from the Central Bank of Kenya in March ...