Question 1

What is Standard Chartered Bank?

Accepted Answer

Standard Chartered Bank is a multinational banking and financial services institution operating in Bangladesh. It is the oldest and largest foreign bank in Bangladesh, with an operational history spanning over a century. As a wholly owned subsidiary of Standard Chartered PLC, the bank serves as the only multinational universal bank in the country, providing comprehensive banking services to both retail and corporate clients.

The bank employs over 1,700 people and operates 18 branches, 1 Islamic banking window, 3 customer service centres, and approximately 70 self-service terminals across Bangladesh.

Question 2

When was Standard Chartered Bank founded?

Accepted Answer

Standard Chartered Bank's presence in Bangladesh dates back to 1905 through its predecessor, Grindlays Bank, which established operations in what was then part of British India. Standard Chartered itself opened its first branch in Bangladesh in 1948, in Chattogram (formerly Chittagong), the nation's port city and major trading hub, following the partition of the subcontinent in 1947.

In August 2000, Standard Chartered acquired ANZ Grindlays Bank, inheriting its century-long operational history in the country. The bank further expanded its footprint by acquiring American Express Bank's commercial banking operations in Bangladesh in 2006. This consolidation transformed Standard Chartered into the largest foreign banking institution in the country.

Question 3

Where is Standard Chartered Bank headquartered?

Accepted Answer

Standard Chartered Bank Bangladesh is headquartered at 67 Gulshan Avenue, Gulshan, Dhaka 1212, Bangladesh. The Gulshan area serves as Dhaka's diplomatic and business district, positioning the bank's headquarters in the heart of the capital's commercial center.

The bank's registered name is M/S Standard Chartered Bank Bangladesh Pvt. Ltd., and it operates as a private limited company under Bangladeshi law.

Question 4

Where does Standard Chartered Bank operate?

Accepted Answer

Standard Chartered Bank operates across six major cities in Bangladesh: Dhaka, Chattogram (Chittagong), Khulna, Sylhet, Bogra, and Narayanganj. This makes it the only foreign bank with such extensive geographic coverage within the country.

In Dhaka, the bank maintains multiple branches in key areas including Gulshan, Banani, Dhanmondi, Motijheel, Uttara, Bashundhara, and Kawran Bazar. Chattogram operations include branches in Agrabad, Nasirabad, and within export processing zones.

The bank uniquely operates offshore banking units inside the Dhaka Export Processing Zone (DEPZ) at Savar and the Chittagong Export Processing Zone (CEPZ), serving businesses in Bangladesh's key industrial zones.

Question 5

What services does Standard Chartered Bank offer?

Accepted Answer

Standard Chartered Bank Bangladesh offers a comprehensive range of banking services across retail, commercial, and wealth management segments:

Retail Banking: Personal banking accounts, savings and current accounts, credit cards (Visa and Mastercard), personal loans, home financing, auto loans, and consumer credit products.

Corporate and Commercial Banking: Trade finance, foreign exchange services, working capital financing, project finance, treasury services, and cash management solutions. The bank was the first international bank to extend credit lines to Bangladesh and opened the first external letter of credit in the country in 1972.

Wealth Management: Standard Chartered Priority Banking services for high-net-worth individuals, investment products, and portfolio management.

Islamic Banking: Saadiq Islamic Banking services through dedicated Islamic banking windows, offering Shariah-compliant financial products.

Digital Banking: Online banking platforms, mobile banking applications, SMS banking, ATM services with approximately 70 self-service terminals, and internet banking facilities providing 24/7 account access.

Question 6

What makes Standard Chartered Bank unique?

Accepted Answer

Standard Chartered Bank distinguishes itself as the only bank in Bangladesh that has never closed its doors in over 110 years of continuous operation, demonstrating remarkable stability through political transitions, wars, and economic changes.

The bank holds the distinction of being the first international bank to support Bangladesh's independence, opening the first external letter of credit for the newly independent nation in 1972. It played a pivotal role in financing major infrastructure projects including the Jamuna Bridge, Meghna Bridge, Karnaphuli Fertiliser Company, and power generation facilities.

Standard Chartered Bangladesh operates under the brand promise "Here for Good," emphasizing sustainability and community development. The bank's Futuremakers initiative focuses on economic empowerment, gender equality, financial literacy, and climate change mitigation. It has received numerous international awards, including Global Finance's World's Best Trade Finance Providers Awards 2024 and recognition as International Digital Transformation Bank of the Year in the Asian Banking & Finance Wholesale Banking Awards 2025.

Question 7

What type of financial institution is Standard Chartered Bank?

Accepted Answer

Standard Chartered Bank Bangladesh operates as a Universal Commercial Bank with foreign ownership classification. Under Bangladesh Bank regulations, it is categorized as a foreign commercial bank, as it is a wholly owned subsidiary of Standard Chartered PLC, headquartered in London.

As a universal bank, it provides the full spectrum of banking services—retail banking, corporate and commercial banking, investment banking, trade finance, and wealth management—distinguishing it from specialized financial institutions. This universal banking model allows Standard Chartered to serve diverse customer segments from individual retail customers to large multinational corporations and government entities.

The bank operates under a private limited company structure in Bangladesh while maintaining the operational standards and global connectivity of its parent organization.

Standard Chartered Bank

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About Standard Chartered Bank in Bangladesh