Standard Chartered Bank

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.

Financials

Total Assets (2017)
404.64 bln USD  (-1.98%)
Annual Profit (2017)
1 584.00 mln USD

Standard Chartered Bank is the 10th largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 404,64 bln USD, providing the bank with the market share of 3.39%. In 2017 the bank's annual profit was 1 584,00 mln USD.

Standard Chartered Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

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.

Contacts

1 Basinghall Avenue, EC3V 0BX, London, United Kingdom
44 02078858888

Standard Chartered Bank is headquartered in London.

Bank Identifiers

MFI ID
GB2400
Company Number
ZC000018
Start Date
December 1953

Financial Positions

Total Assets (2017)
404.64 bln USD  (-1.98%)

In 2017 total assets of Standard Chartered Bank were 404.64 bln USD. Decline compared to the previous period (2016) was -1.98%. The evolution of the total assets of Standard Chartered Bank is shown at Chart 1 below.

Total Assets of Standard Chartered Bank.

Chart 1. Total Assets of Standard Chartered Bank.

Profit and Loss

Annual Profit (2017)
1 584.00 mln USD
Net Income (2017)
1 268.00 mln USD

In 2017 annual profit of Standard Chartered Bank was 1 584.00 mln USD. Decline compared to the previous period (2016) was -5 966.67%. The evolution of the annual profit of Standard Chartered Bank is shown at Chart 2 below.

Annual Profit of Standard Chartered Bank.

Chart 2. Annual Profit of Standard Chartered Bank.

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 3 below.

Net Income of Standard Chartered Bank.

Chart 3. Net Income of Standard Chartered Bank.

Market Share and Rank (among banks in the United Kingdom)

Total Assets (2017)
10th (market share 3.39%)

In 2017 Standard Chartered Bank was ranked the 10th largest bank in the United Kingdom in terms of total assets, having 3.39% of the domestic market share.

Market share of Standard Chartered Bank (among banks in the United Kingdom)

Chart 4. Market share of Standard Chartered Bank (among banks in the United Kingdom)

Several banks having the market shares and ranks closest to Standard Chartered Bank are shown below.

RankNameTotal AssetsMarket Share
9Santander UK314765.00 mln GBP3.56%
10Standard Chartered Bank404640.00 mln USD3.39%
11Nationwide Building Society221670.00 mln GBP2.51%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) A1 (upper medium grade)

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 and Moody's.

Credit ratings assigned to Standard Chartered Bank as of May 2018 are shown in details in the following sections.

Fitch

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+
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
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).

Moody's

Long-term rating for Standard Chartered Bank it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  A1
Long-Term Bank Deposit Rating  A1
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Standard Chartered Bank is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
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
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

MFI ID

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.

MFI ID  GB2400

Company Registration Number

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.

Company Number  ZC000018

European Presence: 7 banks in 7 countries

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:

Austria

France

Germany

Jersey

Sweden

Turkey

United Kingdom

  • (this bank) Standard Chartered Bank (London)

Defunct Banks: 3 banks in 3 countries

The following banks operating under Standard Chartered brand name has been recently closed down:

Italy

Luxembourg

Switzerland