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Standard Chartered bank was created by a merger of Standard Bank of British South Africa (1862) and the Chartered Bank of India, Australia and China (1853) in 1969. [1] It quit Canada in the 1990s, selling its two retail branches to Bank of Montreal and its commercial branch to Toronto-Dominion Bank. Standard Chartered's separate metals ...
In 1969, the bank's name was changed to Standard Chartered Bank of Kenya when its parent company, the Standard Bank of South Africa, merged with the Chartered Bank of India, Australia and China forming the Standard Chartered Bank. In 1987, Standard Chartered sold all its shareholding in Standard Bank of South Africa, entirely divesting from the ...
Standard Chartered Bank has been in Thailand since 1894 when the Chartered Bank of India, Australia and China first established a branch in Bangkok.. In 1999, Standard Chartered acquired 75 percent of the shares of Thailand's Nakornthon Bank for 12.377 billion baht (£193 million at the time).
Standard Chartered sold its remaining 39% stake in Standard Bank Group in 1987, and the two banking groups are now under quite separate ownership. Today, the Standard Bank name is used by the South African group, which has expanded outside South Africa, including forming a subsidiary in the United Kingdom known as Standard Bank London. The ...
Standard Chartered Bank had sold its shares in Standard Bank of South Africa to the bank's existing shareholders in 1987 to escape anti-apartheid sanctions against South Africa. In 2000, ANZ sold its Grindlays subsidiary to Standard Chartered for US$1.3 (A$2.2) billion in cash, [8] which merged it with its existing banking operations.
SBM Bank India is a subsidiary of the State Bank of Mauritius. It was the first bank to receive a banking license from the India's banking regulator Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary .
The Chartered Bank of India, Australia and China (known as Chartered Bank), a British bank established in 1853 was established in Penang in 1875. It is the oldest bank branch in Malaysia, and was the leading bank in colonial Malaya, later, in 1969, merging with Standard Bank to form Standard Chartered Bank.
The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank.