Appointment of Director of Standard Chartered Bank Pakistan Limited.

Karachi: Standard Chartered Bank Pakistan Limited informed Pakistan Stock Exchange that the pursuant to approval received from State Bank of Pakistan, Mr. Adam Long has been appointed as Non-Executive Director on the Board of the Bank with effect from December 03, 2020.

Standard Chartered Bank Pakistan Limited was incorporated in Pakistan on July 19, 2006. It was granted approval for commencement of banking business by State Bank of Pakistan, with effect from December 30, 2006. The ultimate holding company of the Bank is Standard Chartered PLC which is incorporated in England. The Bank commenced formal operations on December 30, 2006 through amalgamation of entire undertaking of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank, a bank incorporated by Royal Charter and existing under the laws of England. The scheme of amalgamation was sanctioned by State Bank of Pakistan vide its order dated December 4, 2006. The registered office of the bank is located in Karachi.

The bank serves retail, corporate and institutional banking customers. Retail banking provides credit cards, personal loans, mortgages, deposit...