Tuesday, March 2, 2010

Introduction of Standard Chartered Bank, Nepal:

Standard Chartered Bank Nepal Limited has been in operation in Nepal since 1987(2043 BS) as Nepal Grind lays bank in collaboration with Grindlays Bank London. After Standard Chartered group acquire world wide operation of Grindlays, it change its name on July 16th, 2001. The bank is an integral part of Standard Chartered Group having an ownership of 75% and the balance owned by the Nepalese public. The bank is the largest international bank currently operating in Nepal. This bank is a second foreign joint venture bank under the company act 1964, the head office of Standard Chartered Bank is situated at New Baneshwor, Kathmandu.

With 16 points of representation, 17 ATMs and more than 350 local staff, Standard Chartered Bank Nepal Ltd. is in a position to serve its’ customers through an extensive domestic network. In addition, the global network of Standard Chartered Group gives the bank a unique opportunity to provide truly international banking services in Nepal. Standard Chartered Bank Nepal Limited offers a full range of banking products and services in wholesale and consumer banking. The bank has been the pioneer in introducing ‘customer-focused’ products and services and aspires to continue to be a leader in introducing new products in delivering superior services.

Along with Nepal, the bank has its operation in about 70 countries including Nepal. It is considered as the best international and commercial bank in the world. The main headquarter of this bank is in London, England. The bank has a history of 150 years. The bank employs almost 75000 people representing over 115 nationalities, worldwide including Nepal. It is trying to increase its branch in other countries around the world slowly and gradually.

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