Standard Chartered Pakistan is a Pakistani commercial bank headquartered in Karachi. It is a wholly-owned subsidiary of British multinational bank Standard Chartered and is one of the oldest foreign commercial bank in Pakistan.[2]
In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan.[3] The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000.[4][5] At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches.[3]
In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan), to create Pakistan's sixth largest bank.[6][7][8]
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