Standard Chartered Singapore

Standard Chartered (Singapore) Limited
IndustryBanking, Financial services
Predecessor
  • Standard Chartered, Singapore Branch
Founded1859; 165 years ago (1859),[1] Singapore, Straits Settlements
Headquarters
Marina Bay Financial Centre, Downtown Core
,
Central Region, Singapore
Area served
  • Singapore
  • Worldwide (Private banking)
Key people
Patrick Lee (CEO)
ServicesCredit cards
Consumer banking
Corporate banking
Investment banking
Mortgage loans
Private banking
Wealth management
IncreaseUS$ 652 million (2019)[2]
IncreaseUS$ 104 million (2019)[2]
Total assetsIncreaseUS$ 27.236 billion (2019)[2]
Number of employees
1,400 (2016)[3]
Websitesc.com/sg/

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] The bank received its Qualifying Full Bank (QFB) licence in October, 1999, being one of the first foreign bank to qualify for the licence.[4]

The bank (Standard Charted (Singapore) Limited) was officially incorporated in 2013 to handle Standard Chartered's Singapore Consumer Banking retail and SME banking business.[5] In 2018, operations of Standard Chartered in Singapore was merged with Standard Chartered Singapore, with the Qualifying Full Bank (QFB) licence transferred to the company. It currently operates a network of 19 branches, 7 Priority Banking centres and 31 ATMs in the country.[6][7][8] The number of ATMs available for customers is expanded through its shared network under the atm5 network with Citibank Singapore, HSBC, State Bank of India, Maybank, The Royal Bank of Scotland and Bank of China.

  1. ^ a b "Standard Chartered celebrates 160 years in Singapore". The Business Times. February 19, 2019. Retrieved April 6, 2020.
  2. ^ a b c "Largest Banks Asia Pacific". The Asian Banker. Retrieved April 6, 2020.
  3. ^ "0527 Speech by Min Lim at Official Opening of Standard Chartered at Changi 2". Ministry of Manpower, Singapore. May 27, 2016. Retrieved April 6, 2020.
  4. ^ "About Us - Standard Chartered Singapore". Retrieved April 6, 2020.
  5. ^ "Standard Chartered announces composition of Board of Directors for new locally incorporated subsidiary" (PDF). Standard Chartered (Singapore). October 1, 2013. Retrieved April 7, 2020.
  6. ^ "StanChart first major foreign bank to consolidate all Singapore operations". The Business Times. February 23, 2018. Retrieved April 7, 2020.
  7. ^ "StanChart transfers rest of Singapore operations to locally incorporated unit". The Straits Times. February 22, 2018. Retrieved April 7, 2020.
  8. ^ "Standard Chartered Singapore Branches and Opening Hours". BanksinSG.COM. 2020-02-11. Retrieved 2020-08-09.