A truly international
Standard Chartered PLC was created in 1969 by the merger of the
Standard Bank of British South Africa and the Chartered Bank of
India, Australia, and China. Both banks trace their roots to the
1800s, when British trade activities created a need for banking and
financial institutions throughout the far reaches of the British
Empire. A period of peaceful growth lasted into modern times-until
1986-when Britain's Lloyds Bank attempted a hostile takeover.
Standard Chartered is listed on the London and Hong Kong stock
exchanges. The London-headquartered group derives more than 90 per
cent of its operating profits from Asia, Africa, and the Middle
East. The bank's European operations serve as a bridge to emerging
markets. It has more than 1,600 branches in over 70 countries and
employs nearly 49,000 people.