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Shuvo Tariqur Rahman AIUB [email protected] 01676236434 Standard Chartered Bank- leading the way in Asia, Africa and Middle East. Standard Chartered is one of the world's largest international banks, employing over 40,000 people, representing 80 nationalities, across its network. Standard Chartered operates in over 1,200 locations (including subsidiaries, associates and joint ventures) in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. The Standard Bank was founded in the Cape Province of South Africa in 1862. And now it has being awarded the industry’s first ISO 9002 in the country. The Chartered Bank started operating in Bangladesh in 1948, opening a branch in Chittagong. The Chartered Bank opened another branch in Dhaka in 1966, where it is still headquartered. After the merger of the Chartered Bank with the Standard Bank in 1969. It has branches in Bogra, 1
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Page 1: 53554953 Standard Chartered Bank Report

Shuvo Tariqur RahmanAIUB

[email protected]

Standard Chartered Bank- leading the way in Asia, Africa and Middle East. Standard Chartered is one of the world's largest international banks, employing over 40,000 people, representing 80 nationalities, across its network. Standard Chartered operates in over 1,200 locations (including subsidiaries, associates and joint ventures) in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.

The Standard Bank was founded in the Cape Province of South Africa in 1862. And now it has being awarded the industry’s first ISO 9002 in the country.

The Chartered Bank started operating in Bangladesh in 1948, opening a branch in Chittagong. The Chartered Bank opened another branch in Dhaka in 1966, where it is still headquartered. After the merger of the Chartered Bank with the Standard Bank in 1969. It has branches in Bogra, Chittagong, Dhaka, Khulna, Savar and Sylhet. They have ATM booths almost all over Dhaka and Chittagong. The Standard Chartered Bank took up a program of expansion. It increasingly invested in people; technology and premises as its business grew in relation to the country's economy. Today the bank is spread all over the country and is arguably the largest foreign bank in Bangladesh.

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Accounts & Deposits

Serial Accounts & Deposits

1. Savings Accounts Super Savers Account

eSavers Account

2. Current Accounts VIP Current Account

Current Account

Foreign Currency Current Account

RFCD Account

Convertible & Non-Convertible

3. Fixed Deposit Fixed Deposits

NFCD Account

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Savings Accounts

1. Super Savers Accounts:

NO Interest Forfeiture Rules

World-class Alternate Channels

Request Pay-orders over the phone

24 hour Phone Banking

Initial opening amount: BDT 50,000

Interest Rate: Up to 4% per annum

2. eSavers Account:

eSavers Account is the Savings Account with Remote Banking solutions bundled with

exclusive Customer Value Propositions. Here the accountholders will be primarily using world-class

alternate channels for their transactions and other regular banking needs. Any Bangladeshi national

with an age of 18 years or above can open this account.

Initial opening amount: BDT 20,000

Interest Rate: Up to 5% per annum

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Current Account

1. VIP Current Account:

Minimum account opening amount @ BDT 250,000

Minimum interest earning balance BDT 250,000

Visa Debit Card

Cash Line overdraft facility

Funds can be freely deposited and withdrawn

2. Current Account:

The minimum deposit required to open a Current account is BDT 50,000

Cash Line overdraft facility

No relationship or account maintenance fee

3. Foreign Currency Current Account:

Bangladeshi nationals residing abroad

Foreign nationals residing abroad or in Bangladesh

Foreign firms registered abroad & operating in Bangladesh or abroad

Foreign missions and their expatriate employees

Resident Bangladeshi nationals working with foreign/ international organizations

operating in Bangladesh; provided their salary is paid in foreign currency

Cash can be withdrawn in local currency

International Debit Card is available

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.

3. RFCD Account:

Interest bearing foreign currency account

Multi-currency deposit facility: USD, EUR, GBP

International Debit and Credit Card is available (only for RFCD Current Accounts in

USD).

5. Convertible & Non-Convertible:

Convertible Taka Account is a special type of account which can receive funds in FCY but the balance will convert into Taka. The balance in that account can be freely repatriated abroad or can be disbursed locally in Taka.

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Fixed Deposit

1. Fixed Deposits:

The minimum opening balance and to earn interest on Fixed Deposit account is only

BDT 50,000. Have the freedom to choose from the desired period from one month to

Five years. If anyone need cash before the end of your fixed deposit term, Overdraft/Loan

facilities are available against security of the deposit without losing the interest earning.

2. NFCD Account: No fees and charges

Dual-Nationals can open this account

Funds along with interest in these accounts can be freely repatriated abroad

No tax on interest

FCY can also be converted into Taka

The fund must be present in the account for at least 1 month to earn interest

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Card Facilities

Serial Card1. Credit Card Platinum Card

Gold CardSilver CardCricket CardPicture CardInternational ($) Card

2. Debit Card Debit CardInternational Debit CardFamilink Add-on Cards

3. Prepaid Card Prepaid Gift CardPrepaid Travel Card

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Credit Card

Standard Chartered Bank were the 1st bank to launch Credit Cards in Bangladesh a decade ago, and

have put this time to good use to create the right Credit Cards for while giving a lot of attention to create

the benefits that people need.

Platinum Card

Choose the Standard Chartered Platinum Card for the ultimate luxury and convenience that

others can only dream of.

Gold Card

Starting from FREE Access to Business Class Lounge to exclusive dining & shopping

discounts, the Standard Chartered Gold Credit Card gives you a world of benefits that are true to its

name!

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Silver Card

There are lots of reasons to choose a Standard Chartered Credit Card, and hardly any to not

to! With unbeatable benefits such as the Global usage Privilege, Rewards, Card Cheque, Auto BillsPay,

4-in-1 Offer, Free@18, InstaBuys @ 0%, and many more, the choice is really quite simple.

International Credit Card

The Standard Chartered International Visa Credit card simplifies your travel and eliminates the need to

carry cash. The International Credit Card is denominated in US Dollars, and you can get one today

against your personal Resident Foreign Currency Deposit (RFCD) Account or your Company’s

Exporter’s Retention Quota (ERQ) Account.

Debit Card

Debit Card is a smart alternative to cash and meant to make shopping more convenient. Our Debit Card

can be used to pay for purchases at more than 3000 merchant establishments in Bangladesh and is also

accepted in any Visa ATM.

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Loan Facilities

1. Auto Loan

With Standard Chartered Auto Loan, it is easier than ever to buy the car of dreams. Auto

Loan Scheme offers a flexible and affordable loan with easy repayment options, all wrapped

in a very convenient package. People can purchase new, reconditioned, or second-hand cars

with Standard Chartered Auto Loan.

Features:

Loan amount up to 90% of vehicle value

Maximum loan amount up to BDT 2 million

Longest loan tenor up to 60 months

Loan available for reconditioned / second-hand vehicles up to 6 years old from the

year of manufacture

2. Personal Loan & Flexi Loan

Personal Loan: Personal Loans are fully unsecured loan facility offered to

individuals, with the amount ranges from BDT 60,000 to BDT 1,000,000.

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Flexi Loan: These loans are partially secured upto BDT 1,000,000, and fully secured

for loan amounts in excess of BDT 1 million and up to BDT 1 crore.

Saadiq Personal Finance: This is our offering to those customers who would like to

avail consumer financing in a completely Shariah Compliant way. Finance limits here

range from BDT 50,000 to BDT 1,000,000.

3. Home Loan

Special benefits

Lowest interest rate in the market

No personal guarantee or cash security required

No prior account relationship required with Standard Chartered

Fast loan approval process

Exclusive features

Step by Step Financing

Plinth Level financing

Flexible Loan features

Loan tenure of upto 20 years

Loan amount up to BDT 7,500,000

Financing available for up to 80% of property value

Interest rate is 12.50% to 14.25%

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Corporate Product Description

Serial Product Name Description

1. Web Banking Online service; where a corporate customer can check

his current account balance updated in every half-an-

hour. This is very convenient as a customer can have

opportunity to hold multiple accounts and at same time

they can get the cash report trade report and everyday

transaction detailed report.

2. STS Straight through service. This is an upgraded version of

E-Banking, with more facilities. This is still in the

process for developing

3. E-Banking By having high security off-line banking system a

customer can transfer money round the clock and

standing any parts of the world.

4. i-Payment This is a new module under the internet Banking. by this module using SMART card an authorized user can transfer the payment or issuing draft from any time and any corner of the world via Internet.

5. CheqWriter Making sure that all the cheaque is being preformedand serially numbered, a corporate customer now having a better security checking in terms of issuing cheaques.

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2004

Notes $million

Non-current assets

Investments in subsidiary undertakings 22 4292

Current assets

Amounts owed by subsidiary undertakings 2,221

Taxation 206

Other 7

2,434

Creditors: amounts due one year

Amounts owed to subsidiary undertakings 618

Other creditors, including taxation 8

626

Net current asset 1,808

Total assets less current liabilities 6,100

Creditors: amounts due after more than year

Subordinated liabilities and other borrowed funds 36 1,588

4,512

Equity

Share capital and share premium 37 3,802

Reserves and retained earnings 38 710

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Total equity 4,512

2005

Notes $million

Non-current assets

Investments in subsidiary undertakings 22 7,973

Current assets

Amounts owed by subsidiary undertakings 1,839

Taxation 204

Other 24

2,067

Creditors: amounts due one year

Amounts owed to subsidiary undertakings 249

Other creditors, including taxation 32

Deferred income 53

334

Net current asset 1,733

Total assets less current liabilities 9,706

Creditors: amounts due after more than year

Subordinated liabilities and other borrowed funds 36 1,893

Deferred income 1,400

6,413

Equity

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Share capital and share premium 37 5,638

Reserves and retained earnings 38 775

Total equity 6,413

2006

Notes $million

Non-current assets

Investments in subsidiary undertakings 22 9,656

Current assets

Amounts owed by subsidiary undertakings 3,181

Taxation 158

Other 103

3,442

Creditors: amounts due one year

Amounts owed to subsidiary undertakings 1,153

Other creditors, including taxation 71

Deferred income 154

1,378

Net current asset 2,064

Total assets less current liabilities 11,720

Creditors: amounts due after more than year

Subordinated liabilities and other borrowed funds 36 1,977

Deferred income 1,208

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8,535

Equity

Share capital 37 7,843

Reserves and retained earnings 38 692

Total equity 8,535

2007 Notes $million Non-current assets

Investments in subsidiary undertakings 24 10,406

Current assets

Amounts owed by subsidiary undertakings 2,019

Taxation 183

Other 127

2,329

Current liabilities

Amounts owed to subsidiary undertakings 1,089

Other creditors, including taxation 102

Deferred income 40

1,231

Net current asset 1,098

Total assets less current liabilities 11,504

Non-current liabilities

Subordinated liabilities and other borrowed funds 38 1,987

Deferred income 271

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9,246

Equity

Share capital 39 705

Reserves 40 8,541

Total equity 9,246

2008 Notes $million Non-current assets

Investments in subsidiary undertakings 24 10,406 Current assets

Debt securities 23 925

Amounts owed by subsidiary undertakings 5,303

Taxation 54

Other 64

6,346

Current liabilities

Derivative financial instruments 17 26

Debt securities in issue 33 1,372

Other creditors, including taxation 79

Deferred income 40

1,517

Net current assets 4,829

Total assets less current liabilities 15,235

Non-current liabilities

Subordinated liabilities and other borrowed funds 38 1,736

Deferred income 231

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13,268

Equity

Share capital 39 948Reserves 40 12,320 Total equity 13,268

Comment

This is a formal report on Standard Chartered Bank Ltd. Here we actually analysis the 5 years income

statement of Standard Chartered Bank Ltd.

Our analysis started from 2004, we can see that in 2004 non-current asset or investment was $4,292, net

current asset was $1,808 & total equity was $4,512. But in 2005, Investment became $7,973, net current

asset became $1,733 & total equity became $6,413. In 2006, investment was $9,656, net current asset

was $2,064 & total equity was $8,535. In 2007, investment was $10,406, net current asset was $1,098 &

total equity was 9,246. At last In 2008 its become like that , investment $ 10,406, net current asset

$4,829 & total equity $13,268. Now we can see that from this 5years chart , day by day amount of

investment & also equity increased. Every year all the amounts are increased. It is not only good for the

bank also good for our country & economy.

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Seeing is Believing – A New Vision aims to raise USD 20 million to develop comprehensive,

sustainable eye care for 20 million people in less advantaged areas of 20 cities across the world,

including Dhaka. Under this project, Standard Chartered has committed USD 1 million over between

2008 and 2013 to Dhaka Urban Comprehensive Eye Care project that will serve over 270,000 visually

impaired people.

Standard Chartered Young Tigers U -16 National Cricket Tournament has become the platform

for hunting young cricketing talents from all over Bangladesh. In 2008, 464 schools from all 64 districts

participated in the tournament, which saw 852 matches in 72 venues across Bangladesh.

11th Standard Chartered Bank National School Chess Tournament saw 263 youngsters including

12 from India and 4 from Nepal participate in this annual event, in partnership with Bangladesh Chess

Federation.

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Standard Chartered provides financial support for the education programme of “National

Fellowship for the Advancement of the Visually Handicapped (NFAVH)” to facilitate necessary

educational materials for the visually impaired for last five years.

Standard Chartered Bank mainly focus on high profile people

It based on some target customer

Standard Chartered Bank have not enough branch in Bangladesh

Standard Chartered Bank also have not enough ATM booth in Dhaka

There loan system also so limited than others bank

They have no facilities for student

Standard Chartered Bank is one of the fast mover bank in Bangladesh

Standard Chartered Bank is first private bank in Bangladesh

Global Usage Privileges is one of the main facilities of Standard Chartered Bank

24-hour Contact Center is designed to provide ‘one stop solution’ for all banking needs - any

day, any time

Standard Chartered Bank’s Internet Banking service allows to bank from anywhere, anytime

with total security and confidentiality. This facility is absolutely Free

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Main focus of Standard Chartered Bank is high profile people, they can also give much more

opportunity for middle profile and low profile people

Don’t based on individual customer

Shortage of branch is one of the main problem of Standard Chartered Bank, so they can set also

some branches not only in Dhaka but also other cities

ATM booth also a great problem, so they can set some more ATM booth in some important point

They can also give some other loan, just like- marriage loan, Education Loan, Professional

Loan, Marriage Loan, Travel Loan, Dreams Come True Loan, Care Loan, General Loan,

Medical Loan, Motorbike Loan, Student Loan, Furniture Loan, Wedding Loan, CNG

conversion Loan, Lifestyle Loan, Travel Loan

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