Shuvo Tariqur Rahman

AIUB
shuvo_0152@yahoo.com
01676236434

Standard Chartered Bank- leading the way in Asia, Africa and Middle East.
Standard Chartered is one of the world's largest international banks, employing
over 40,000 people, representing 80 nationalities, across its network. Standard
Chartered operates in over 1,200 locations (including subsidiaries, associates and
joint ventures) in more than 50 countries in the Asia Pacific Region, South Asia, the
Middle East, Africa, the United Kingdom and the Americas.

The Standard Bank was founded in the Cape Province of South Africa in 1862. And now it
has being awarded the industry’s first ISO 9002 in the country.

The Chartered Bank started operating in Bangladesh in 1948, opening a branch

in Chittagong. The Chartered Bank opened another branch in Dhaka in 1966, where it
is still headquartered. After the merger of the Chartered Bank with the Standard Bank
in 1969. It has branches in Bogra, Chittagong, Dhaka, Khulna, Savar and Sylhet. They
have ATM booths almost all over Dhaka and Chittagong. The Standard Chartered Bank
took up a program of expansion. It increasingly invested in people; technology and
premises as its business grew in relation to the country's economy. Today the bank is
spread all over the country and is arguably the largest foreign bank in Bangladesh.

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Accounts & Deposits

Serial Accounts & Deposits

1. Savings Accounts Super Savers Account
eSavers Account
2. Current Accounts VIP Current Account
Current Account
Foreign Currency Current Account
RFCD Account
Convertible & Non-Convertible
3. Fixed Deposit Fixed Deposits

NFCD Account

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 Savings Accounts

1. Super Savers Accounts:

• NO Interest Forfeiture Rules

• World-class Alternate Channels
• Request Pay-orders over the phone
• 24 hour Phone Banking
• Initial opening amount: BDT 50,000
• Interest Rate: Up to 4% per annum

2. eSavers Account:
eSavers Account is the Savings Account with Remote Banking solutions bundled with
exclusive Customer Value Propositions. Here the accountholders will be primarily using world-class
alternate channels for their transactions and other regular banking needs. Any Bangladeshi national
with an age of 18 years or above can open this account.

• Initial opening amount: BDT 20,000

• Interest Rate: Up to 5% per annum

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 Current Account

1. VIP Current Account:

• Minimum account opening amount @ BDT 250,000

• Minimum interest earning balance BDT 250,000
• Visa Debit Card
• Cash Line overdraft facility
• Funds can be freely deposited and withdrawn

2. Current Account:

• The minimum deposit required to open a Current account is BDT 50,000

• Cash Line overdraft facility
• No relationship or account maintenance fee

3. Foreign Currency Current Account:

• Bangladeshi nationals residing abroad

• Foreign nationals residing abroad or in Bangladesh
• Foreign firms registered abroad & operating in Bangladesh or abroad
• Foreign missions and their expatriate employees
• Resident Bangladeshi nationals working with foreign/ international organizations
operating in Bangladesh; provided their salary is paid in foreign currency
• Cash can be withdrawn in local currency
• International Debit Card is available

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 .

3. RFCD Account:

• Interest bearing foreign currency account

• Multi-currency deposit facility: USD, EUR, GBP
• International Debit and Credit Card is available (only for RFCD Current Accounts
in USD).

5. Convertible & Non-Convertible:

Convertible Taka Account is a special type of account which can

receive funds in FCY but the balance will convert into Taka. The balance in that
account can be freely repatriated abroad or can be disbursed locally in Taka.

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Fixed Deposit

1. Fixed Deposits:

The minimum opening balance and to earn interest on Fixed Deposit account is only
BDT 50,000. Have the freedom to choose from the desired period from one month to
Five years. If anyone need cash before the end of your fixed deposit term, Overdraft/Loan
facilities are available against security of the deposit without losing the interest earning.

2. NFCD Account:
• No fees and charges
• Dual-Nationals can open this account
• Funds along with interest in these accounts can be freely repatriated abroad
• No tax on interest
• FCY can also be converted into Taka
• The fund must be present in the account for at least 1 month to earn interest

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Card Facilities

Serial Card
1. Credit Card Platinum Card
Gold Card
Silver Card
Cricket Card
Picture Card
International ($) Card
2. Debit Card Debit Card
International Debit Card
Familink Add-on Cards
3. Prepaid Card Prepaid Gift Card
Prepaid Travel Card

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Credit Card

Standard Chartered Bank were the 1st bank to launch Credit Cards in Bangladesh a decade ago, and
have put this time to good use to create the right Credit Cards for while giving a lot of attention to create
the benefits that people need.

• Platinum Card

Choose the Standard Chartered Platinum Card for the ultimate luxury and convenience that
others can only dream of.

• Gold Card

Starting from FREE Access to Business Class Lounge to exclusive dining & shopping
discounts, the Standard Chartered Gold Credit Card gives you a world of benefits that are true to its
name!

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 • Silver Card

There are lots of reasons to choose a Standard Chartered Credit Card, and hardly any to not
to! With unbeatable benefits such as the Global usage Privilege, Rewards, Card Cheque, Auto BillsPay,
4-in-1 Offer, Free@18, InstaBuys @ 0%, and many more, the choice is really quite simple.

• International Credit Card

The Standard Chartered International Visa Credit card simplifies your travel and eliminates the need to
carry cash. The International Credit Card is denominated in US Dollars, and you can get one today
against your personal Resident Foreign Currency Deposit (RFCD) Account or your Company’s
Exporter’s Retention Quota (ERQ) Account.

Debit Card

Debit Card is a smart alternative to cash and meant to make shopping more convenient. Our Debit Card
can be used to pay for purchases at more than 3000 merchant establishments in Bangladesh and is also
accepted in any Visa ATM.

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Loan Facilities

1. Auto Loan
With Standard Chartered Auto Loan, it is easier than ever to buy the car of dreams. Auto
Loan Scheme offers a flexible and affordable loan with easy repayment options, all wrapped
in a very convenient package. People can purchase new, reconditioned, or second-hand cars
with Standard Chartered Auto Loan.

Features:

• Loan amount up to 90% of vehicle value

• Maximum loan amount up to BDT 2 million
• Longest loan tenor up to 60 months
• Loan available for reconditioned / second-hand vehicles up to 6 years old from the
year of manufacture

2. Personal Loan & Flexi Loan

• Personal Loan: Personal Loans are fully unsecured loan facility offered to
individuals, with the amount ranges from BDT 60,000 to BDT 1,000,000.

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 • Flexi Loan: These loans are partially secured upto BDT 1,000,000, and fully secured
for loan amounts in excess of BDT 1 million and up to BDT 1 crore.

• Saadiq Personal Finance: This is our offering to those customers who would like to
avail consumer financing in a completely Shariah Compliant way. Finance limits here
range from BDT 50,000 to BDT 1,000,000.

3. Home Loan

Special benefits

• Lowest interest rate in the market

• No personal guarantee or cash security required

• No prior account relationship required with Standard Chartered

• Fast loan approval process

Exclusive features

• Step by Step Financing

• Plinth Level financing

Flexible Loan features

• Loan tenure of upto 20 years

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• Loan amount up to BDT 7,500,000

• Financing available for up to 80% of property value

• Interest rate is 12.50% to 14.25%

Corporate Product Description

Serial Product Name Description

1. Web Banking Online service; where a corporate customer can check
his current account balance updated in every half-an-
hour. This is very convenient as a customer can have
opportunity to hold multiple accounts and at same time
they can get the cash report trade report and everyday
transaction detailed report.
2. STS Straight through service. This is an upgraded version of
E-Banking, with more facilities. This is still in the
process for developing
3. E-Banking By having high security off-line banking system a
customer can transfer money round the clock and
standing any parts of the world.
4. i-Payment This is a new module under the internet
Banking. by this module using SMART card
an authorized user can transfer the payment
or issuing draft from any time and any
corner of the world via Internet.
5. CheqWriter Making sure that all the cheaque is being
preformed

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and serially numbered, a corporate customer
now having a better security checking in
terms of issuing cheaques.

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 2004
Notes $million
Non-current assets
Investments in subsidiary undertakings 22 4292

Current assets
Amounts owed by subsidiary undertakings 2,221
Taxation 206
Other 7

2,434
Creditors: amounts due one year
Amounts owed to subsidiary undertakings 618
Other creditors, including taxation 8

626
Net current asset 1,808
Total assets less current liabilities 6,100
Creditors: amounts due after more than year
Subordinated liabilities and other borrowed funds 36 1,588

4,512

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Equity
Share capital and share premium 37 3,802
Reserves and retained earnings 38 710

Total equity 4,512

2005
Notes $million
Non-current assets
Investments in subsidiary undertakings 22 7,973

Current assets
Amounts owed by subsidiary undertakings 1,839
Taxation 204
Other 24

2,067
Creditors: amounts due one year
Amounts owed to subsidiary undertakings 249
Other creditors, including taxation 32
Deferred income 53

334

Net current asset 1,733

Total assets less current liabilities 9,706
Creditors: amounts due after more than year
Subordinated liabilities and other borrowed funds 36 1,893
Deferred income 1,400

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 6,413
Equity
Share capital and share premium 37 5,638
Reserves and retained earnings 38 775

Total equity 6,413

2006
Notes $million
Non-current assets
Investments in subsidiary undertakings 22 9,656

Current assets
Amounts owed by subsidiary undertakings 3,181
Taxation 158
Other 103

3,442
Creditors: amounts due one year
Amounts owed to subsidiary undertakings 1,153
Other creditors, including taxation 71
Deferred income 154

1,378

Net current asset 2,064

Total assets less current liabilities 11,720
Creditors: amounts due after more than year
Subordinated liabilities and other borrowed funds 36 1,977
Deferred income 1,208

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 8,535
Equity
Share capital 37 7,843
Reserves and retained earnings 38 692

Total equity 8,535

2007
Notes $million
Non-current assets
Investments in subsidiary undertakings 24 10,406

Current assets
Amounts owed by subsidiary undertakings 2,019
Taxation 183
Other 127

2,329
Current liabilities
Amounts owed to subsidiary undertakings 1,089
Other creditors, including taxation 102
Deferred income 40

1,231
Net current asset 1,098
Total assets less current liabilities 11,504
Non-current liabilities
Subordinated liabilities and other borrowed funds 38 1,987
Deferred income 271

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 9,246
Equity
Share capital 39 705
Reserves 40 8,541

Total equity 9,246

2008
Notes $million
Non-current assets
Investments in subsidiary undertakings 24 10,406

Current assets
Debt securities 23 925
Amounts owed by subsidiary undertakings 5,303
Taxation 54
Other 64

6,346
Current liabilities
Derivative financial instruments 17 26
Debt securities in issue 33 1,372
Other creditors, including taxation 79
Deferred income 40

1,517
Net current assets 4,829
Total assets less current liabilities 15,235
Non-current liabilities
Subordinated liabilities and other borrowed funds 38 1,736

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Deferred income 231

13,268
Equity
Share capital 39 948
Reserves 40 12,320

Total equity
13,268

Comment

This is a formal report on Standard Chartered Bank Ltd. Here we actually analysis the 5 years income
statement of Standard Chartered Bank Ltd.

Our analysis started from 2004, we can see that in 2004 non-current asset or investment was $4,292, net
current asset was $1,808 & total equity was $4,512. But in 2005, Investment became $7,973, net current
asset became $1,733 & total equity became $6,413. In 2006, investment was $9,656, net current asset
was $2,064 & total equity was $8,535. In 2007, investment was $10,406, net current asset was $1,098 &
total equity was 9,246. At last In 2008 its become like that , investment $ 10,406, net current asset
$4,829 & total equity $13,268. Now we can see that from this 5years chart , day by day amount of
investment & also equity increased. Every year all the amounts are increased. It is not only good for the
bank also good for our country & economy.

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• Seeing is Believing – A New Vision aims to raise USD 20 million to develop comprehensive,
sustainable eye care for 20 million people in less advantaged areas of 20 cities across the world,
including Dhaka. Under this project, Standard Chartered has committed USD 1 million over
between 2008 and 2013 to Dhaka Urban Comprehensive Eye Care project that will serve over
270,000 visually impaired people.

• Standard Chartered Young Tigers U -16 National Cricket Tournament has become the platform
for hunting young cricketing talents from all over Bangladesh. In 2008, 464 schools from all 64
districts participated in the tournament, which saw 852 matches in 72 venues across Bangladesh.

• 11th Standard Chartered Bank National School Chess Tournament saw 263 youngsters including
12 from India and 4 from Nepal participate in this annual event, in partnership with Bangladesh
Chess Federation.

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• Standard Chartered provides financial support for the education programme of “National
Fellowship for the Advancement of the Visually Handicapped (NFAVH)” to facilitate necessary
educational materials for the visually impaired for last five years.

• Standard Chartered Bank mainly focus on high profile people

• It based on some target customer
• Standard Chartered Bank have not enough branch in Bangladesh
• Standard Chartered Bank also have not enough ATM booth in Dhaka
• There loan system also so limited than others bank
• They have no facilities for student

• Standard Chartered Bank is one of the fast mover bank in Bangladesh

• Standard Chartered Bank is first private bank in Bangladesh
• Global Usage Privileges is one of the main facilities of Standard Chartered Bank
• 24-hour Contact Center is designed to provide ‘one stop solution’ for all banking needs - any
day, any time
• Standard Chartered Bank’s Internet Banking service allows to bank from anywhere, anytime
with total security and confidentiality. This facility is absolutely Free

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• Main focus of Standard Chartered Bank is high profile people, they can also give much more
opportunity for middle profile and low profile people

• Don’t based on individual customer

• Shortage of branch is one of the main problem of Standard Chartered Bank, so they can set also
some branches not only in Dhaka but also other cities

• ATM booth also a great problem, so they can set some more ATM booth in some important point
They can also give some other loan, just like- marriage loan, Education Loan, Professional
Loan, Marriage Loan, Travel Loan, Dreams Come True Loan, Care Loan, General Loan,
Medical Loan, Motorbike Loan, Student Loan, Furniture Loan, Wedding Loan, CNG
conversion Loan, Lifestyle Loan, Travel Loan

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