Standard Chartered PLC – Company Overview
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| Company | Standard Chartered PLC |
| Headquarters | Standard Chartered Bank, 1 Basinghall Avenue, London, EC2V 5DD, UK |
| Group CEO | Bill Winters |
| Group CFO | Andy Halford |
| Industry | Banking and Financial Services |
| Type | Public |
| Founded | 1969 |
| NASDAQ stock symbol | LON:STAN; LSE:STAN; NSE:STAN |
| Net interest income | $9,407 million USD (2015) |
| Operating income | $15,289 million USD (2015) |
| Loss for the year | $(2,196) million USD (2015) |
| Employees | 84,076 (2015) |
| Website | https://www.sc.com |
| IR contact number | +44 (0) 207 885 8888 |
| IR email address | [email protected] |
Standard Chartered PLC is a financial services company based in London, England. It provides a wide portfolio of products and services for personal and business customers in 70 countries worldwide, with approximately 1,700 branches and outlets and a total of 86,000 employees.
The bank is divided into two divisions:
The Consumer Bank – offers services to Small and Medium-sized Enterprises (SMEs) and Individuals (Personal and Preferred Banking customers, Priority and International Banking customers, and Private Banking customers).
The Wholesale Bank – provides solutions for Global Corporates, Financial Institutions, and Commodity Traders and Agribusiness.
Its services include: credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking, and wealth management.
Although the company is based in the UK, the majority of its profits come from the Middle East, Asia, and Africa.
Standard Chartered is publicly listed on the London, Hong Kong and Mumbai stock exchanges, and ranks among the top 20 companies in the FTSE-100 in terms of market capitalization.
The company was was formed following a merger in 1969 between The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa.
Standard Chartered PLC – Financial Results
| Key figures (in millions of USD) | 2015* | 2014* |
| Net interest income | $9,407 | $11,003 |
| Operating income | $15,289 | $18,334 |
| Operating expenses | $(11,173) | $(11,045) |
| (Loss)/Profit for the year | $(2,196) | $2,705 |
| Total assets | $640,483 | $725,914 |
| Cash and cash equivalents at beginning of period | $129,870 | $84,156 |
| Cash and cash equivalents at end of period | $88,428 | $129,870 |
*For the years ended December 31, 2015 and 2014
Source: “Standard Chartered PLC – 2015 Annual Report”
News about Standard Chartered PLC reported by our Market Business News team
December 11, 2015: Standard Chartered raises £3.3 billion from rights issue