Karachi, October 01, 2019: K-Electric has signed US$ 50 million loan agreements with Standard Chartered which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan…
Karachi, August 28, 2019: Standard Chartered Bank (Pakistan) Limited today announced its H1 Results for 2019. The Bank performed exceptionally well in H1 2019 and delivered a Profit before tax of PKR12.9 billion. This is 52 percent higher than corresponding period last year. Overall revenue growth was 36 percent, whereas client revenue increased by 25…
Karachi, 26 April 2019: Standard Chartered Bank (Pakistan) Limited has announced its Q1 2019 Results. The Bank delivered a strong profit in the first quarter of 2019 which led to a growth of 61per cent in profit before tax to PKR 6.7 billion. Overall revenue growth was 38 percent, whereas client revenue increased by 22…
London, April 11, 2019: The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA. Today’s announcement follows FCA investigations into two areas of…