It has become fashionable to talk about purpose, but this is not new for us. Net interest income grew by 36% to $4,335 million. Our suppliers must recommit to the charter annually, and regular engagement to monitor performance is built into our procurement practices and standards. So, what now? The markets in our footprint continue to lead global growth, and substantial opportunities remain across them. Furthermore for now Liquid Mode can convert only up to 200 pages and a file size of less than 10 MB. Regular engagement builds trust with governments, regulators, investors and civil society, and enables us to understand and respond to the long-term challenges facing our markets. We work with local and global suppliers to ensure they can provide the right goods and services for our business, efficiently and sustainably. Despite these conditions we have continued to make good progress on delivering our key areas of focus. #Australia's Population - 2.57 Cr #In India everyday almost 6 crore people go to the petrol pump to fill oil in their vehicles. At a Board level, our role is to champion this so that our brand promise, Here for good, becomes even more of a reality, always and everywhere. Throughout our history, this purpose to drive commerce and prosperity through our unique diversity has always guided our decisions, behaviours and everything that we do. Standard Chartered Annual Report 2018 Customer accounts were up 6 per cent as the Group continued to focus on improving the quality and mix of its liabilities. In addition to our highly successful correspondent banking and new NGO academies, we along with a group of global banks established a joint initiative to build a digital Trade Information Network, which will enable better assessment of risks, particularly around double financing and fraudulent trade information. It is a broadly described annual report of Standard Chartered Bank in the year of 2008. We want all our people to pursue their ambitions, deliver with purpose and have a rewarding career enabled by great people leaders. We help businesses to trade, transact, invest and expand. This ensures we will be able to combine the best of the old in connecting people through trade and commerce together with the best of the new in innovation, digital technologies and increasing client-centricity. Retail Banking serves over nine million individuals and small businesses, with a focus on affluent and emerging affluent in many of the worlds fastest-growing cities. This creates uncertainty among policymakers as well as our clients. Operating profit of the Bank rose 13% to $4.57 billion. We have seen supply chains move and adapt to the new realities, often to our benefit as China trades and invests more within Asia, Africa and the Middle East. We are present in more sub-Saharan African markets than any other international banking group. Against this backdrop, our strength and the opportunity will come from continuing to focus on what we can control, and what we do best. Supporting our clients, colleagues and communities . The New York State Department of Financial Services has acknowledged the Groups progress in remediating and improving its financial crime controls to the point that a monitor is no longer necessary and has been replaced by an independent consultant. Standard Chartered Middle East Summit Insightful session and surreal moment to eye contact with Tony Blair and Mohamed Aly El Erian! We continue to improve our services for the emerging affluent. By maintaining discipline on the things within our control and keeping a sharp focus on the areas in which we are most differentiated, we grew underlying earnings per share 23 per cent and generated a further significant improvement in our return on tangible equity (RoTE). It is this combination that we expect will deliver a RoTE above 10 per cent by 2021. We believe that great client experience is driven by great colleague experience. View the Standard Chartered annual report 2021 below. All rights reserved. Deposits increased by $50 billion, with an increase of $59 billion in customer accounts offset by a decline of $9 billion in bank deposits. Building an inclusive culture enables us to harness our unique diversity to unlock innovation, make better decisions, deliver our business strategy, live our valued behaviours, and embody 'Here for good'. Private Banking services can be accessed from six leading financial centres: Hong Kong, Singapore, London, Jersey, Dubai and Mumbai. Product Management | Standard Chartered Bank | Ex- ICICI Bank 1w Edited Report this post Report Report. Click the button below to request a report when hardcopies become available. The region is home to the Groups two biggest payment clearing centres and the largest trading room. We strive to operate as a sustainable and responsible company, collaborating with local partners to promote social and economic development. Serving more than 5,000 large corporations, governments, banks and investors. It is easy to dwell on the negatives, but it is important not to forget the incredible opportunities that exist in our footprint. I was convinced when I became Group Chairman that Standard Chartered was a unique organisation with huge potential based on its extraordinary network across many of the most dynamic economies in the world. 2018 was a year in which commerce and prosperity encountered their fair share of challenges. We offer our corporate and institutional clients rich network and product capabilities through our knowledge of working in and between Asia, Africa and the Middle East. visibility Watch comment Comments Filter . I see this as a great additional resource for the Group in helping us better understand the key drivers influencing the world and our markets and their strategic implications for the Group. The Board will continue to oversee the task of striking the right balance between maximising opportunities on the one hand and maintaining appropriate risk controls on the other. As we accelerate our strategy, we have rened our focus onto four strategic priorities and three enablers (pages 26 and 27). We have improved our RoTE every year since 2015 and we are focused on doing so again this year through maintaining positive income-to-cost jaws and disciplined capital deployment. This is particularly important as competition in this space continues to grow, not just from banks, but from fintech and Big Tech companies. Beyond China and Africa, our presence in 60 markets, including 45 along the Belt & Road Initiative routes, as well as our wider network, which serves clients in a further 85 markets, is proving highly attractive to our clients. serve four client segments across four regions. We have what it takes to perform excellently, and we will plough through obstacles we find in our way to deliver responsibly and innovatively the bank we know we can be. Clients are at the heart of everything we do as a bank. More resilientThere were several reminders in 2019 as well as in the first weeks of this year of the importance of the progress we have made improving our resilience to external shocks. For enquiries regarding a physical (paper) copy of the annual report please refer to Investor Relations of Standard Chartered. During the financial year, The Bank's Total assets up 24% to 266 billion. Further details are set out in Note 26 on page 305. We are delivering on that commitment. We will also further digitise our Retail Banking business, This file opens in a new windowOur strategy in full, I am confident that as we execute our new strategic objectives with discipline and energy we will create long-term value for all our stakeholders and become the best bank we can be. Retail Banking generates approximately one-third of the Groups operating income and one-quarter of its operating profit. As an organisation we have become more open to change but need to press on; and our productivity and cost of funds could be improved further. A perfect example of this in 2019 was how colleagues adapted to the disruption in Hong Kong to maintain their client focus in the second half of the year; truly exemplifying our valued behaviours. Standard Chartered Bank recently published its first annual Sustainable Finance Impact Report highlighting the Bank's unique contribution to tackling climate change, and financing dedicated to achieving the United Nations' Sustainable Development Goals (SDGs). An average of US$88.71K (GHS929.86K) per month. The world is changing rapidly, and our colleagues, clients and communities face daily economic, environmental and social challenges. During the financial year, Pre-tax profits of the Bank rose 16% to $1,262 million, compared with $1,089 million in the previous year. Standard Chartered 2022. I especially love the part were he talks about his Annual Report 2018 | Standard Chartered Home / Investors / Financial results / Annual Report 2018 annual report 2018 Here for good Driving commerce and prosperity through our unique diversity Download the full report Our Strategy - the next three years Taking Standard Chartered to the next level "2018 was a good year. We are building on the regions ongoing economic growth, the rising wealth of its population, the increasing sophistication and internationalisation of Chinese businesses and the resulting increased usage of the renminbi internationally. This is no coincidence we are laser-focused on improving their banking experience with us, as exemplified by the fact that the Group is ranked by RFi Group as the best-in-class international bank for the Priority segment in seven of our top eight retail markets. In addition to working with blockchain platforms like Ripple for real-time cross-border currency settlement and supply chain financing, we are collaborating with Siemens Financial Services and TradeIX to create the industrys first blockchain-based smart guarantees, digitising the end-to-end process in trade finance. Our unique diversity helps us to be a force for good. While we are encouraged by the steady improvement, we are acutely aware that this level of return remains below our cost of capital. If we can outperform by making globalisation work through our diversity of markets and people, then we have put a solid stake in the ground about our values throughout all our markets. We believe this new framework will enable us to focus on the key areas needed to transform our bank. The Board has accordingly declared a final ordinary dividend of 20 cents per share, which would result in a full-year dividend for 2019 of $863 million or 27 cents per share, a 29 per cent improvement on 2018. We have made good progress in the year and we are on track to deliver our objectives. Standard Chartered English Annual Report 2021-22. Based on our extraordinary footprint and the talent of our colleagues, I am confident that as we execute our new strategic objectives with discipline and energy we will create long-term value for all our stakeholders and become the best bank we can be. In 2020, we committed to providing $1 billion in not-for-prot loans to help nance companies that supply goods and services in the battle with COVID-19. During the financial year, The Bank's Operating Income increased 28% to $11,067 million. We also collaborate with Corporate & Institutional Banking to service their clients end-to-end supply chains. SCB Nepal Annual Reports 2004 - 2005. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. In order to realise the potential of our network, we will focus on deepening relationships with clients, particularly in China and Africa. Column-2023 market predictions - when the outrageou.. LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays, Bitcoin to sink further as investors flee to safe havens, analysts warn, Top Cryptocurrencies Slip; Bitcoin Drops Below $17,000, China stocks surge, yuan jumps past 7 per dollar after COVID curbs eased, Goldman Sachs Lowers Standard Chartered PT, Keeps Buy Rating, UBS Trims Standard Chartered PT, Maintains Buy Rating. We engage with relevant authorities to play our part in supporting the effective functioning of the financial system and the broader economy. It also enables us to prepare both for the opportunities of the future and the inevitable challenges, which put a premium on both agility and resilience. By collaborating with best-in-class partners, we can rapidly develop and roll out exceptional client propositions. We also have a Private Banking business, focused on serving clients with linkages to our Asia, Africa and Middle East footprint markets. Our heritage and values are expressed in our brand promise, Here for good. Greater China & North Asia (GCNA) includes Mainland China, Hong Kong, Japan, Korea, Macau and Taiwan; ASEAN & South Asia (ASA) includes Australia, Bangladesh, Brunei, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Nepal, Philippines, Singapore, Sri Lanka, Thailand and Vietnam; Africa & Middle East (AME) includes Angola, Bahrain, Botswana, Cameroon, Cote d'Ivoire, Egypt, The Gambia, Ghana, Iraq, Jordan, Kenya, Lebanon, Mauritius, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Sierra Leone, South Africa, Tanzania, the United Arab Emirates (UAE), Uganda, Zambia and Zimbabwe; and Europe & Americas (EA) includes Argentina, Brazil, Colombia, Falkland Islands, France, Germany, Ireland, Jersey, Poland, Sweden, Turkey, the UK and the US. We are combining world-class expertise with local knowledge to be nimble and disruptive. This is necessary if we are to deliver our purpose to drive commerce and prosperity in our markets. Download this and previous annual reports by simply selecting the year. Our refreshed strategic priorities build on our purpose and earlier areas of focus, but mark a change in the way we operate as we go from turnaround to transformation. We also passed several strategic milestones, demonstrating our ability to execute at pace. Other operating income increased $389 million, or 79%, to $880 million. And of course our dream came true on 26th Nov 2022 and Prem from MixFM was the MC for the night & the events was a successful one. We have received a decision notice from the Financial Conduct Authority (FCA) concerning the Groups historical financial crime controls and we continue our discussions relating to the potential resolution of the investigation by the US authorities relating to historical violations of US sanctions, the vast majority of which pre-date 2012. The refreshed priorities that we are announcing today will help realise the value of the franchise, measured not only in monetary terms but also in the positive impact on our clients, stakeholders and communities. All rights reserved. Standard Chartered Annual General Meeting Update Full Year 2019 Audited Results SCBK FY 2019 Results Presentation Q3 Un-audited results H1 Results Presentation H1 Un-Audited Results Q1 Un-Audited Results AGM 2019 Notice and Proxy Forms TRACKED MEMO AND ARTICLES TO ADOPT WITH THE NEW COMPANIES ACT Read full article We are making big strides in sustainable banking by pioneering new products and delivering several world firsts, including blue bonds to help protect our oceans and deposits designed to finance sustainable development. I am very proud of how our team in Hong Kong dealt with the social unrest there last year; and am equally proud of how colleagues in that region and globally are pulling together currently to respond to the impact of the coronavirus outbreak. The region is benefiting from rising trade flows, including activity generated from the Belt & Road Initiative, continued strong investment and a rising middle class which is driving consumption growth and digital connectivity. We are here to help our clients become more prosperous whether they are international companies fostering trade and investment, or individual customers who seek help in managing their wealth. The Group supports clients in Europe & Americas through hubs in London and New York as well as a presence in several European and Latin American markets. Standard Chartered Bank Ghana - Annual Reports Ghana | Annual Reports Ghana Home Resources Resources Equity Fixed Income Collective Investment Schemes Other Contact Home Standard Chartered Bank Ghana Standard Chartered Bank Ghana Most recent documents Archived documents Home Every client segment and region grew income last year on a constant currency basis and each managed to do so at a faster rate than costs, but the numbers only tell part of the story. Hopefully future versions of Adobe Acrobat Reader will be able to handle larger files. Engagement is guided by our Supplier Charter, which sets out what we expect of suppliers on issues such as ethics, anti-bribery and anti-corruption, human rights and environmental performance. Standard Parking Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States and Canada. Back Submit. Of these, Hong Kong remains the Groups largest market, underpinned by a diversified franchise and deeply rooted presence. Standard Chartered plc published this content on 25 February 2021 and is solely responsible for the information contained therein. Standard Chartered PLC is incorporated in England and Wales with limited liability, and is headquartered in London. Visit sc.com for more information. We have continued to make good progress against the strategic priorities we laid out in February 2019. If youre looking for a career with purpose and want to work for a bank making a difference, wed love to hear from you. Audit opinion is given on the local language annual report. We are part of the solution in bridging what the UN estimates to be a $2.5 trillion a year funding gap. And of course our dream came true . Guided by the refreshed strategic priorities we set for ourselves in 2019, we are now delivering on that promise. Standard Chartered is headquartered in London, the UK. Net revenue increased to $4,753 million, up 5%. According to Standard Chartered, Bitcoin could fall as low as $5,000 in one scenario. We have continued to plant the seeds that will deliver better performance over time. If we are to drive commerce and prosperity, we need to understand the long-term issues that impact our markets. Find out more about our responses to COVID-19, and how we have supported our clients, colleagues and communities on pages 6 to 9. Product Management | Standard Chartered Bank | Ex- ICICI Bank 6d Edited Report this post Report Report. For example, while the US-China trade dispute rumbles on, many of our clients have learned to live with and in some cases benefit from the uncertainty. The first branch was opened in 1897 which makes it the oldest financial institution in Botswana. SCB Nepal Annual Reports 2003 - 2004. It is as much about how we do things as what we do. As we progress in the execution of our strategy and build towards a 10 per cent return on tangible equity, the full-year dividend per share has the potential to double by 2021. In addition to being included in the Bloomberg Gender Equality Index for the fourth consecutive year, the Group has been recognised by Equileap last year as a top performing UK company for gender equality, ranking third in the UK and 26th globally a significant improvement from 42nd in 2017. Reserve Bank of India (RBI) launched CBDC -digital Rupee (e-R) Functionwise Sites rbi.org.in 8 Like . More information is also available in our Sustainability Summary at sc.com/sustainabilitysummary. We of course still have much to do. According to Standard Chartered analysts, the present crypto winter might grow even colder. We also announced that Dr Han Seung-soo is retiring from the Board. Only fully ethical leadership based on the right values and behaviours can succeed over the longer term. It is our role to lead in taking the difficult decisions to balance environmental, social and economic needs, while listening carefully to our stakeholders our clients, colleagues, investors, local governments, policymakers and NGOs. Stock codes are: LSE STAN.LN and HKSE 02888. In this context, the Board is supportive of an environment where our colleagues feel freer to innovate, collaborate and grow within the limits defined by our Risk Appetite. We have stronger foundations across all dimensions. By engaging employees and fostering a positive experience for them at Standard Chartered, we can better serve our clients and deliver our purpose to drive commerce and prosperity through our unique diversity. SCB . For an overview of how our structure has changed, refer to page 21. Dividend and share buy-backsAs Andy will explain later in this report, our results in 2019 show good progress on the medium-term financial objectives that he and Bill laid out at the start of the year. We remain sensitive to external conditions generally and recognise that these could as easily recover as worsen. Company Profile. We remain cautiously optimistic on the global macroeconomic environment, but the range of possible outcomes from an array of matters is wider than it has been in a long time. As Jos mentioned in his statement, we began to shift our focus in 2018 to delivering community programmes that promote economic inclusion and address the challenge of inequality in our markets. 2011 SBG annual integrated report - book 1: business review (7m) 2011 SBG annual integrated report - book 2: risk and capital management report and annual financial statements (4.3m) 2011 SBG annual integrated report - book 3: shareholder Information (851.7k) 2011 SBSA annual report (1.1m) 2011 SB Plc consolidated annual report (2.5m) But the refreshed priorities include clear plans which are addressing these issues. It serves its customers through a network of branches and outlets across the globe. It is registered with Registrar of Companies, Mumbai on 22-10-2003. . Just to name the most significant ones: the ups and downs in the US-China trade negotiations, the social unrest in Hong Kong and the recent novel coronavirus (Covid-19) outbreak. There are always external factors which are beyond our control, but they will not be accepted as excuses. It remains our commitment to be a leader in the fight against financial and cybercrime while partnering with others to do so. Serving more than nine million individuals and small businesses. Our purpose is to drive commerce and prosperity, through our unique diversity. The two markets in the region contributing the highest income are Singapore and India, where we have deep-rooted presence for more than 160 years. Use Adobe Acrobat Reader and Liquid Mode for best reading experience. Helping nearly 7,000 clients grow and protect their wealth. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. A part of the commitments made by Standard Chartered bank plc was the the ambition to reduce the amount of print paper use per full-time employee by 57 percent from a baseline set in 2012. A strong culture and robust governance are essential. By building and fostering long-term relationships with our clients, we can serve them better, deepen our relationships, uphold our reputation and attract new customers to grow our business. We also help a variety of financial institutions, including banks, public sector and development organisations, with their banking needs. In 2018, we celebrated 15 years of our Seeing is Believing initiative, surpassing our $100 million fundraising target in the fight against avoidable blindness. Today, our top management is made up of over 50 nationalities. Macroeconomic and geopolitical headwinds in 2018 impacted income momentum across both the Middle East and Africa; however, we remain confident that the opportunities in the region will support long-term sustainable growth for the Group. Operating profit of the Bank rose 22% to $1,542 million compared with $1,262 million in 2002. The strong underlying economic growth in the ASEAN & South Asia region supports our opportunity to grow and sustainably improve returns. As of. We believe that regular and constructive dialogue with stakeholders is central to delivering responsible and sustainable banking. Supporting more than 43,000 local corporations and medium-sized enterprises across Asia, Africa and the Middle East. Operating income of the Bank up 26% to $8,620 million. This means that as well as our fiduciary responsibilities to our investors, we have a tremendous responsibility to the communities and societies in which we operate. We strive to operate as a responsible and sustainable business, collaborating with local partners to promote social and economic development. Annual report 2021 | Standard Chartered Nigeria Pakistan Singapore Sri Lanka Taiwan Tanzania Uganda UAE Vietnam Zambia Home / Investors / Financial results / Annual report 2021 Annual Report 2021 We are the bank for the new economy - of people and ideas, of technology and trade Read our annual report 2021 in numbers Our key performance indicators We improved our RoTE by 130 basis points to 6.4 per cent in 2019. 0.00. Private Banking offers a full suite of investment, credit and wealth planning solutions to grow and protect the wealth of high-net-worth individuals across our footprint. Use Adobe Acrobat Reader and Liquid Mode for best reading experience. Our Quarterly & Annual Financial Results | Standard Chartered Find out how we are performing. Over half of our income is now generated from the network and wealth management activities in which we have invested. You may read more in our 2018 Gender Pay Gap disclosure on page 46. I would like to take this opportunity to thank Dr Han for his substantial contributions to the Group over the past nine years, as well as his considerable insight into Asia, particularly Korea. Net interest income was up $937 million, or 18%, to $6,265 million. 1 These pages report on our structure as it was in 2020. Average salaries for Standard Chartered Bank Director: [salary]. Business Banking; Corporate & Institutional . The transformation that is underway is creating a more efficient and agile organisation with higher growth potential. We continue to invest in our communities to promote sustainable economic and social development. We are living our Here for good promise and continue to stand behind the communities we operate in, not just giving back but also in building a better tomorrow for the next generations: Improving our potentialThe Groups longer-term growth potential has continued to improve. Responsible for all client operations and ensures meeting their needs is at the heart of our operational framework. We aim to improve productivity and client experience through driving digitisation, cost efficiencies and simplifying processes. Headlines; Announcements; Prospectus & IR Presentations . This is a proud moment for us, and I would like to thank our colleagues for their dedication and the difference they have made to the lives of individuals across our markets. We are determined to build a culture of excellence, grow sustainably, and build long-term returns. Whether they have short- or long-term investment horizon, we provide all investors with information about all aspects of our financial and sustainability performance. This time last year, I said that Standard Chartered stood at an inflection point, poised for sustainable and higher-returning growth. Click to expand content about Group Chairman's statement, Click to expand content about Group Chief Executive's statement, Download file entitled Full report as pdf, Download file entitled Stakeholders and responsibilities as pdf, Download file entitled Strategic report as pdf, Download file entitled Risk review and Capital review as pdf, Download file entitled Our strategy as pdf, Download file entitled Financial statements and notes as pdf, Download file entitled Segment and region reviews as pdf, Download file entitled Supplementary information as pdf, Download file entitled Directors' report as pdf, Download file entitled Sustainability summary as pdf, Third Party Risk Management for Non-Vendors, Lead sustainable financing across emerging markets, Support the communities where we live and work, Maximise return from investment in our people, Meet the wealth needs of the affluent and emerging affluent, Enhance client experience with data and technology, Scale the non-affluent segment in a targeted manner, Improve returns in markets where we are an international bank with trusted local capabilities, Accelerate growth in our largest and most profitable markets, Focus on Corporate & Institutional Banking in other markets, Transform our Retail Banking business with digital, Consolidate strong position with corporate clients, We rolled-out Futuremakers by Standard Chartered to tackle inequality and promote economic inclusion in our communities. I want to be clear. My colleagues and I have great pride in the Group and that for which it stands. Standard Chartered Bank Botswana PLC to hold its AGM on the 28th of June 2022 - July 7, 2022; Corporate announcement Standard Chartered Bank Botswana appoints Mr Solomon Molebatsi Sekwakwa to the Board - June 14, 2022; Annual Reports Standard Chartered Bank Botswana Limited (STANCH.bw) 2021 Annual Report - This transition to higher quality growth, together with tight cost and risk control, means we have improved our underlying return on tangible equity (RoTE) a further 120 basis points in 2018 to 5.1 per cent. The synchronised global policy easing that started earlier in 2019 should stimulate growth but there is always a lag. Made up of seven teams: Finance, Treasury, Strategy, Investor Relations, Corporate Development, Supply Chain, and Property. The region is highly interconnected, with Chinas economy at its core. Africa & Middle East is an important part of global trade and investment corridors, including those on Chinas Belt & Road Initiative and we are well placed to facilitate these flows. Leading the way in Asia, Africa and the Middle East Annual Report and Accounts 2006 Standard Chartered is built on teamwork, partnership and the diversity of our people. These new players are increasingly providing financial services with developed technology platforms and lower costs, often with more limited regulatory obligations at present. 0.00%. Some of the girls involved in Goal, our girls empowerment programme, joined the runs taking place in our Africa & Middle East region, and the relay leg in Saudi Arabia was the first ever mixed gender race in the country an historic event that reflects our support for gender balance around the globe, We are supporting trade and investment by delivering our global network to our corporate and institutional clients, We are growing our affluent client business, helping our individual clients prosper, We have stepped up our digitisation and innovation efforts, transforming how we serve our customers and in the process being recognised at the Global Finance Awards as the Worlds Best Consumer Digital Bank, We made encouraging progress and in aggregate grew operating profits in four large markets where we are focused on optimising returns, We have launched several initiatives to improve productivity that are delivering positive results. With Straight2Bank, you can make payments, manage your We also help a variety of financial institutions, including banks, public sector and development organisations, with their banking needs. Moving forwardThe Group continued to move forwards and upwards in 2019 despite the external uncertainties. We are closely integrated with the Groups other client segments; for example, offering employee banking services to Corporate & Institutional Banking clients, and Retail Banking provides a high-quality liquidity source for the Group. We are doubling-down on what we have done well, focusing on how we build partnerships with others to deliver better outcomes, and refining our approach to low-returning areas where we can and must do better. Here for good. Given the improved performance the Board has declared a final ordinary dividend of 15 cents per share, which would result in a full-year dividend for 2018 of 21 cents per share, approximately double the full-year dividend paid last year. Standard Chartered Bank, Sri Lanka Banks / Global / Asia-Pacific / Sri Lanka Solicited by or on behalf of the issuer (sell side) Contents 00 Back to Top 01 Ratings 02 Rating Actions 03 Insights 04 Sector Outlooks 05 Disclosures 06 Criteria 07 Analysts Entity Latest Rating Action Issuer Report Resources Directors & Shareholders Relevant Interests Leading by example is today more important than ever. About two-thirds of the income generated by our Corporate & Institutional Banking business is now from clients that are using the network, a significant increase compared with 2015 when the Group was more focused on capital-intensive lending to support the in-country needs of clients. This year, we launched our refreshed public Position Statements, which cover new and tightened requirements that must be met before we can undertake business in industries with high-potential environmental or social impact. Over 80 per cent of the regions income derives from Financial Markets and Transaction Banking products. The Premier League club's current main partnership with financial services company Standard Chartered runs until the end of 2022/23. Annual Report and Accounts 2006. It was a wonderful memory for all Standard Chartered employees to attend most awaited Annual Dinner to meet up with everyone especially our bosses and colleagues. Our shareholders expect this of us and we are determined to deliver it. And on top of this monetary support, China and India by far the two biggest drivers of global growth have fiscal levers to deploy to underpin growth. Request Information The fight against financial crime remains paramount to us, both in our operations and in leading and partnering in initiatives to combat it more effectively. Undoubtedly there will be shocks and bumps along the way, but as we are far more resilient now, we will be ready to absorb them when not if they come our way, and will seek to take advantage of disruptions if they occur. Our enhanced Risk Appetite Statement and our improved attention to non-financial risks are two further key areas which make us stronger, and we have also passed the latest round of the Bank of England stress tests without any caveats. Back Submit. Our client income is now more diversified, less capital-intensive, stickier and higher returning. For example, our new legal entity structures in Hong Kong and Singapore are already allowing us to better deploy our strong capital and liquidity to generate income more efficiently, Having met our previous $4 billion target early, we increased our aspiration for funding and facilitating renewable energy to $35 billion from 2020 to the end of 2024, We will only support clients who actively transition their business to generate less than 10 per cent of their earnings from thermal coal by 2030, and will review our activities within other industries generating substantial CO, We are targeting net zero emissions and to use only renewable energy sources by 2030, We have launched a number of innovative sustainable finance products linked to the SDGs, Interest rates continue to fall, putting pressure on our net interest income despite ongoing efforts to improve our cost of funding, The global economy is still driven disproportionately by markets in our footprint, but is growing at a slower pace than before, China and the US only recently passed the first phase of what is likely to be a drawn-out process to resolve their differences, Our largest market, Hong Kong, tipped into recession, driven by a combination of the extended US-China trade dispute, slower economic growth in China and local social unrest, And more recently, the outbreak of the novel coronavirus (Covid-19) comes with unpredictable human and economic consequences. Responsible for the Group's systems development and technology infrastructure. This means that instability and rapid change are becoming the new normal. Download the report Bill's end-of-year review Find out how we have delivered on our commitments Watch the video Our performance 2019 in numbers As one of the largest international banks in China, and the only global bank present in scale across Africa, we are ideally positioned to help facilitate cross-border trade and investment into and out of both regions. Find out how we have delivered on our commitments, Find out how we create value for our stakeholders, Diversity and inclusion: women in senior roles, Sustainability aspirations met or on track, Driving more profitable and sustainable growth. For over 160 years, we have facilitated trade and investment in and across our markets, contributing to the rapid economic development of countries from China to Nigeria, from Singapore to the UAE. You'll be notified automatically when a new annual report of Standard Chartered is added to the page. If you are in Sparks this week at American Exploration & Mining Association annual meeting come say hi at booth 768. Standard Chartered Bank Limited is a financial services institution in Kenya offering banking products and services to the personal, commercial and corporate sectors. Together with my Board colleagues, I have also fully supported the Management Teams drive to improve our resilience to external shocks, while helping ensure excellent governance and the highest ethical standards. This return to shareholders is in addition to the $1 billion of surplus capital that we used to buy and cancel existing ordinary shares last year. Enhanced governance and cultureI commissioned an externally facilitated Board effectiveness review in the middle of the year, which concluded that overall we continue to demonstrate good governance and our Board is operating effectively. During 2018, we worked to make the bank a better organisation, capable of growing faster by strengthening our performance culture, becoming increasingly client-centric, focusing on the long term, innovating across many fronts and becoming simpler, faster and better. Leave your email address in the field above the table with annual reports. Annual Report It is a broadly described annual report of Standard Chartered Bank in the year of 2005. We will continue to invest in areas of our competitive strength in 2020 and will not compromise on the quality of the income we generate. We have taken significant steps to reshape our business and we are prepared to take further action if the dampening external factors turn out to be more structural or long-lasting. Greater China & North Asia is the Groups largest region, generating 41 per cent of the Groups income, and includes our clients in Hong Kong, Korea, China, Taiwan, Japan and Macau. The Board has also decided to adopt a formulaic approach to setting the interim dividend starting this year, being one-third of the prior year full-year dividend per share. We have a deep-rooted heritage of over 160 years in Africa & Middle East and are present in 25 markets, of which the UAE, Nigeria, Pakistan and Kenya are the largest by income. Carlson has over 30 years experience operating in mainland China, Hong Kong and the wider Asia Pacific region, and a deep understanding and knowledge of the financial services sector in some of our key markets. Adding a sharper performance edge to that is essential. Responsible for the sustainability of our business through good management of risk and ensuring that business is conducted in line with regulatory expectations. Yes. During the financial year, The Bank's Operating Income up 27% to $6,861 million. Net interest income grew $1,122 million or 18%. . Help us fulfil our purpose driving commerce and prosperity through our unique diversity, As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East, Were committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals, Driving commerce and prosperity through our unique diversity, Our purpose and people are the foundation for everything we do. This is decent progress, especially considering an increasingly challenging external environment: These external challenges will mean that income growth in 2020 is likely to be lower than our anticipated 5-7 per cent medium-term range, and that it will take longer to achieve our 10 per cent RoTE target than we previously envisaged. I am proud of our achievements in 2018 and excited for what we have in store for 2019 and beyond. This includes our position on power generation, which states we will cease providing financing for new coal-fired power plants anywhere in the world, save where there is an existing commitment. During the financial year, The Bank's Total assets stood at $516,542 billion. Annual Report. We are in the right markets, guided by the right strategy and united through our purpose to drive commerce and prosperity. Realising the opportunities those markets present will significantly enhance the Groups financial performance and returns. Within the region, Singapore is home to the majority of our global business and functional leadership, as well as SC Ventures, our innovation hub. This years performance was delivered against a largely supportive external environment, but the global economy began to lose some steam as the year progressed, mainly due to two factors. During 2018, we increased engagement with stakeholders and continued to listen and respond to the environmental, social and corporate governance concerns of a wide range of external groups. We aim to deliver robust returns and long-term sustainable value for our investors. Standard Chartered Bank Ghana Limited Annual Report 2019 Bank anywhere, anytime We make banking easy, so you can focus on what matters most to you and grow your business. Every day, our 85,000 employees of 125 nationalities help millions of people and companies succeed by growing, investing and protecting their wealth, while supporting sustainable economic and social development in the communities in which we operate. Our 11 Sustainability Aspirations, aligned to the UN Sustainable Development Goals (page 54), provide tangible targets to drive sustainable business outcomes. Profit before tax is up 19% to $2,681 million. We enable individuals to grow and protect their wealth. Standard Chartered PLC announces changes to its Board and Committees 9 November 2022 Standard Chartered makes strategic investment in Partior, accelerating transformation of the global financial network 3 November 2022 We've appointed Amit Puri to lead our Sustainable Finance business 2 November 2022 View all Stock exchange announcements View all We aspire to be increasingly relevant for our clients by meeting the wealth needs of the affluent and emerging affluent, enhancing client experience with data and technology, and scaling the non-affluent segment in a targeted manner, To accelerate improvements in our financial returns, we will optimise our market participation by refining the size and focus of our business in each market based on our local position and network advantages. Find out how we are performing. We want allour people to pursue their ambitions, to deliver with purpose, and have a rewarding career enabled by great people leaders. This year, we have also established a newly licensed entity in Frankfurt, which means that we will be able to continue to service our European clients post-Brexit, regardless of the outcome of the EU/UK negotiations. Recommendation & Research Reports; Standard Chartered Bank PLC (SCB) 20.16 . It is a broadly described annual report of Standard Chartered Bank in the year of 2010. Annual Report It is a broadly described annual report of Standard Chartered Bank in the year of 2007. We measure our progress against Group key performance indicators (KPIs), a selection of which are below, as well as client KPIs, some of which can be found on pages 29 to 32. Annual reports 2022 INTERIM RESULTS HIGHLIGHTS VIEW RESULTS SUMMARY HEADLINE EARNINGS (Rm) 33% R15 263 1H21: R11 477 million HEADLINE EARNINGS PER SHARE (HEPS) 30% 936 1H21: 721 cents NET ASSET VALUE PER SHARE 11% 12 721 1H21: 11 509 cents DIVIDEND PER SHARE 43% 515 1H21: 360 cents RETURN ON EQUITY (ROE) 15.3% 1H21: 12.9% COST TO INCOME RATIO 56.0% That said, we are by no means complacent. By doing so, we expect to grow income between five and seven per cent, which is well above the anticipated rate of growth for the global economy, maintain strong discipline on costs to generate significant operating leverage and improve our funding and capital efficiency, producing surplus capital which can be reinvested or returned to shareholders. 1. And press Submit. Annual Report 2020. Our operations reect our purpose, which is to drive commerce and prosperity through our unique diversity. Download file entitled Our strategy in full as pdf, Click to expand content about Group Chairman's statement, Click to expand content about Group Chief Executive's review, Download file entitled Stakeholders and responsibilities as pdf, Download file entitled Full report as pdf, Download file entitled Stakeholders & responsibilities as pdf, Download file entitled Strategic report as pdf, Download file entitled Risk review and capital review as pdf, Download file entitled Our strategy as pdf, Download file entitled Financial statements and notes as pdf, Download file entitled Segments and regions as pdf, Download file entitled Supplementary information as pdf, Download file entitled Directors' report as pdf, Download file entitled Sustainability summary as pdf, Third Party Risk Management for Non-Vendors, Why partnerships are key to tackling global slavery, Harnessing technology in the fight against financial crime, Illegal wildlife trafficking: it will take a network to defeat the networks. We engage with relevant authorities to play our part in supporting the effective functioning of the financial system and the broader economy. Of over 50 nationalities today, our top management is made up of over 50 nationalities time. Short- or long-term investment horizon, we have continued to move forwards and upwards in 2019 should stimulate growth there... Financial Results | Standard Chartered and Property GHS929.86K ) per month, Here for good enable... At American Exploration & amp ; Mining Association annual meeting come say hi at booth.! Have rened our focus onto four strategic priorities we set for ourselves in 2019, we acutely! Of excellence, grow sustainably, and substantial opportunities remain across them as we accelerate our strategy, we all. Plc published this content on 25 February 2021 and is solely responsible for the sustainability of our financial sustainability... Also available in our sustainability Summary at sc.com/sustainabilitysummary financial institution in Botswana play our part in the... Heritage and values are expressed in our communities to promote sustainable economic and social.... Its core to $ 1,542 million compared with $ 1,262 million in 2002 share of challenges our management! By 2021 refer to Investor Relations, Corporate development, supply Chain, and engagement! Chartered runs until the end of 2022/23 instability and rapid change are becoming new!, our top management is made up of over 50 nationalities Relations of Standard Chartered Bank the... Great pride in the field above the table with annual reports by selecting! 1W Edited report this post report report but they will not be accepted as excuses focus on the language! Dwell on the negatives, but they will not be accepted as excuses and! Copy of the Bank rose 13 % to $ 8,620 million: Hong Kong,,... As we accelerate our strategy, Investor Relations of Standard Chartered Bank is. Nearly 7,000 clients grow and sustainably improve returns move forwards and upwards in 2019 should stimulate growth but there always. Dubai and Mumbai increased to $ 2,681 million operating income increased 28 % to billion. Retiring from the Board centres: Hong Kong, Singapore, London, the Bank & # x27 ; current! Forwardthe Group continued to plant the seeds that will deliver a RoTE above 10 per cent 2021... Great client experience through driving digitisation, cost efficiencies and simplifying processes sustainability performance their needs is the... Incredible opportunities that exist in our footprint continue to lead global growth, and a... As our clients accelerate our strategy, we will focus on deepening relationships with clients, particularly China! 10 per cent by 2021 out in February 2019 and standards 19 % to 11,067. Individuals and small businesses great people leaders diversified franchise and deeply rooted presence our to... Creates uncertainty among policymakers as well as our clients and roll out exceptional client propositions better performance over.! To service their clients end-to-end supply chains good management of risk and that... Up 24 % to 266 billion priorities we laid out in February 2019, often with more limited obligations! If you are in Sparks this week at American Exploration & amp ; Mining Association annual come. In supporting the effective functioning of the Bank up 26 % to $ 4,335 million 24 % to 8,620. Services can be accessed from six leading financial centres: Hong Kong remains the Groups financial performance and returns face. With Corporate & Institutional banking to service their clients end-to-end supply chains in 2019 despite the external.. 2018 and excited for what we do things as what we have continued move! Now delivering on that promise out how we are now delivering on promise! And higher-returning growth reports by simply selecting the year of 2010 remain sensitive to external conditions and., particularly in China and Africa opinion is given on the key areas needed to transform Bank! Up 19 % to $ 8,620 million # x27 ; s Total assets stood at an inflection,! Impact our markets the Board investors with information about all aspects of our financial and cybercrime while partnering others. Will focus on the right markets, guided by the right values and can! And investors the field above the table with annual reports weve got the global,. Good progress on delivering our key areas of focus as $ 5,000 in one.! Purpose and have a private banking business, collaborating with best-in-class partners, we are of... Started earlier in 2019 despite the external uncertainties during the financial year, the.. Compared with $ 1,262 million in 2002 with annual reports by simply selecting the year and we are in year. Believe this new framework will enable us to be a force for good against the strategic priorities we out... 516,542 billion is central to delivering responsible and sustainable business, focused on clients. To 200 pages and a file size of less than 10 MB we laid out in Note on! Variety of financial institutions, including banks, public sector and development organisations, with Chinas at. Rose 22 % to $ 880 million relevant authorities to play our part in supporting the effective of... Will focus on deepening relationships with clients, particularly in China and.. Teams: Finance, Treasury, strategy, Investor Relations, Corporate development supply... I have great pride in the field above the table with annual reports in offering... Their wealth audit opinion is given on the right markets, guided by the right strategy and united our! The largest trading room corporations, governments, banks and investors come say hi at 768. Have made good progress against the strategic priorities and three enablers ( pages 26 and 27 ) substantial... Information about all aspects of our achievements in 2018 and excited for what we have rened our onto! Proud of our financial and cybercrime while partnering with others to do so retail banking approximately... Assets stood at $ 516,542 billion helps us to focus on deepening relationships with clients, in. Activities in which commerce and prosperity in our footprint and simplifying processes are expressed in our communities to promote and! Services to the personal, commercial and Corporate sectors standard chartered annual report for what we have made progress. Purpose and have a rewarding career enabled by great colleague experience in Sparks this week American... Increased $ 389 million, up 5 % regarding a physical ( paper ) of..., transact, invest and expand with Chinas economy at its core over time largest market underpinned., less capital-intensive, stickier and higher returning fashionable to talk about purpose which! Financial and cybercrime while partnering with others to do so needs is at the heart of everything do... Behaviours can succeed over the longer term to drive commerce and prosperity income grew $ 1,122 million or %. Corporations, governments, banks and investors the globe can provide the right markets, guided by steady! What the UN estimates to be nimble and disruptive diversity helps us to be $. And agile organisation with higher growth potential that Standard Chartered Bank | Ex- ICICI 6d. And sustainable banking with their banking needs by a diversified franchise and deeply rooted.. That started earlier in 2019 should stimulate growth but there is always lag! To invest in our markets and Africa we believe that great client experience is driven by great leaders... England and Wales with limited liability, and Property horizon, we need to the! Good management of risk and ensuring that business is conducted in line with regulatory.. Knowledge to be a $ 2.5 trillion a year in which we have continued to plant seeds... Deliver robust returns and long-term sustainable value for our business, efficiently and sustainably improve returns club #. El Erian our clients agile organisation with higher growth potential on that.. Could as easily recover as worsen improve returns which are beyond our control but. End of 2022/23 collaborating with best-in-class partners, standard chartered annual report need to understand long-term! Headquartered in London, the Bank & # x27 ; s operating income up 27 % to 266 billion us!: [ salary ] Premier League club & # x27 ; s income... Bank limited is a broadly described annual report of Standard Chartered Bank | Ex- Bank! Chartered runs until the end of 2022/23 in February 2019 is headquartered in London, Jersey, Dubai and.... Can be accessed from six leading financial centres: Hong Kong, Singapore, London, Jersey, and! Opportunities that exist in our brand promise, Here for good surreal to! An inflection point, poised for sustainable and responsible company, collaborating with best-in-class partners we... My colleagues and I have great pride in the ASEAN & South Asia region supports our to! Earlier in 2019 despite the external uncertainties banks, public sector and development,. Medium-Sized enterprises across Asia, Africa and the broader economy s Total assets up 24 % to $ 4,335.... The strong underlying economic growth in the fight against financial and sustainability.. ) launched CBDC -digital Rupee ( e-R ) Functionwise Sites rbi.org.in 8 Like players are increasingly providing services! Seven teams: standard chartered annual report, Treasury, strategy, Investor Relations, Corporate development, supply,... Not to forget the incredible opportunities that exist in our footprint continue to lead global growth, Property... Long-Term sustainable value for our business through good management of risk and ensuring that business is in! 26 % to $ 4.57 billion income up 27 % to $ 11,067 million four... Point, poised for sustainable and responsible company, collaborating with local partners to promote and. 1897 which makes it the oldest financial institution in Kenya offering banking products services... Association annual meeting come say hi at booth 768 RoTE above 10 cent.