Standard Chartered Bank

Standard Chartered Bank has operated for over 150 years and aims to be the world’s best international Bank. It is one of the world’s most international banks with over 1700 branches in 70 markets across the globe. It is the oldest financial institution in Zimbabwe having been established in 1892.

History

1853 -Chartered Bank is incorporated in England by the Royal Charter.

1862-Standard Bank is incorporated under the banner Standard Bank of British South Africa Limited.

1892-Standard Bank established a pioneering presence in Zimbabwe (then Southern Rhodesia). The first ‘branch’ was located in a bell tent in Bulawayo.

1901 -The bank expanded into Malawi

1906-The bank expands operations to Zambia

1911-Operations are extended to Kenya

1962– Standard Bank of South Africa Limited was renamed The Standard Bank Limited, and transferred its South African business to a locally incorporated subsidiary which retained the former name. Standard Bank of South Africa Limited lists on the Johannesburg Stock Exchange

1965-Growth of the bank was boosted by the acquisition of the Bank of West Africa in 1965 with more than 90 branches in Nigeria, Ghana, Sierra Leone and Gambia

1969-Standard Chartered Zimbabwe in its present form arose from a merger of Standard Bank and Chartered Bank in 1969.

1983-In 1983, the bank was locally incorporated. Prior to that, Standard Chartered Bank Zimbabwe Limited operated as a branch. Two other group companies previously operated in Zimbabwe Standard Chartered Merchant Bank of Zimbabwe Limited and Standard Chartered Finance Zimbabwe Limited were registered as financial institutions. The former’s operations were absorbed into the commercial bank and the accepting house licence surrendered. The latter company was disposed off to the Zimbabwe Development Bank (ZDB).

Ownership

·         Standard Chartered Holdings ( Africa ) 88%

·         Standard Chartered Holdings (International) 3%

·         Standard Chartered Bank Plc UK 9%

·         Chairman: Lovemore Manatsa

Sustainability

Standard Bank’s approach focuses on getting the basics of banking right making sure that it is financially stable with strong governance, so that it can create value for shareholders and society in the long run.

Banking Services

It combines global capabilities with deep local knowledge to provide innovative products and services to meet the needs of its customers and clients. Standard Chartered offers Personal, Private and Business Banking.

Investor relations

Standard Bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East.

Chief Executive Officer: Mr. R. Watungwa

Auditors : KPMG Chartered Accountants

Number of employees: 645

Number of branches : 21

Head Office Address

1st Floor, AUSQ Building,

68 Nelson Mandela Ave,

Harare, Zimbabwe

Telephone: +263 – 4- 253801-7, 752864/8, 752852/9

Fax: +263 – 4- 758076

Telex: 22115 SCBHAR ZW 26090/26325

Awards of Excellence

Bank of the Year in Zimbabwe – The Banker (2012, 2013)

Best Foreign Bank in Zimbabwe – EMEA Finance (2012,2014,2016)

Best Emerging Markets Bank – Global Finance (2013,2014,2015,2016)

Best Bank in Zimbabwe -Banks and Banking Survey (2012,2013)

Best Consumer Digital Bank – Global Finance (2014,2015,2016)

Lifetime Investor Award, Financial Sector- Zimbabwe Investment Authority (2013)

1st Runner Up, Investor of the year- Financial Sector- Zimbabwe Investment Authority (2014)