Standard Chartered Pakistan (officially Standard Chartered Bank (Pakistan) Limited) is a banking and financial services company in Pakistan and a wholly owned subsidiary of Standard Chartered.
It is Pakistan's oldest and largest foreign commercial bank. It employs over 9000 people in its 162 branches in Pakistan.
History
The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi.
In 2006, Standard Chartered Bank acquired Pakistan's Union Bank. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan), to create Pakistan's sixth largest bank.
See also
- Banking in Pakistan
- Union Bank (Pakistan)
References
External links
- Standard Chartered Pakistan