Founded in 1969, Standard Chartered Bank is one of the largest British banks. Standard Chartered Bank provides retail, private and corporate banking products and services. Standard Chartered also offers a wide range of Shariah-compliant financial products based on Islamic values.
In 2017 total assets of Standard Chartered Bank were 663,50 bln USD. In 2017 the bank's net income was 1 268,00 mln USD.
Standard Chartered Bank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality).
Standard Chartered Bank participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
Standard Chartered Bank is headquartered in London.
|Total Assets (2017)|
|663.50 bln USD (+2.60%)|
In 2017 total assets of Standard Chartered Bank were 663.50 bln USD. Growth compared to the previous period (2016) was 2.60%. The evolution of the total assets of Standard Chartered Bank is shown at Chart 1 below.
Chart 1. Total Assets of Standard Chartered Bank.
|Net Income (2017)|
|1 268.00 mln USD|
In 2017 net income of Standard Chartered Bank was 1 268.00 mln USD. Decline compared to the previous period (2016) was -763.87%. The evolution of the net income of Standard Chartered Bank is shown at Chart 2 below.
Chart 2. Net Income of Standard Chartered Bank.
|A+ (high credit quality)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Standard Chartered Bank is rated by Fitch.
Credit ratings assigned to Standard Chartered Bank as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Standard Chartered Bank it is set to A+ (high credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Standard Chartered Bank is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for Standard Chartered Bank is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
|Yes (up to 85 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.
In the case of Standard Chartered Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85 000 GBP|
|Paid In Currency||GBP|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Standard Chartered Bank is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
Standard Chartered Bank operates under the brand name Standard Chartered. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Standard Chartered brand name has been recently closed down: