Standard Chartered Marked 120 Years Of Presence In Bangladesh2 min read
Standard Chartered Bank recently marked a significant milestone as it celebrated 120 years of operations in Bangladesh. The milestone event, held in Dhaka, was attended by Bill Winters, Group Chief Executive of Standard Chartered PLC. His visit to Bangladesh, one of the bank’s key markets in Asia, reaffirmed the bank’s deep-rooted commitment to the nation’s economic development and its ongoing role in supporting the country’s sustainable growth.
During his visit, Bill Winters met with notable figures including Dr. Muhammad Yunus, Chief Adviser of the Government of Bangladesh; Lutfey Siddiqi, Chief Advisor’s Special Envoy for International Affairs; and Dr. Ahsan H. Mansur, Governor of Bangladesh Bank. He also engaged with business leaders, regulators, policymakers, and key civil society stakeholders to discuss the evolving financial landscape and explore the vital role of Standard Chartered in Bangladesh’s continued progress.
In his discussions, Winters emphasized the bank’s objective to further enhance Bangladesh’s growth potential by leveraging Standard Chartered’s global network and international expertise.
Naser Ezaz Bijoy, Chief Executive Officer of Standard Chartered Bangladesh, expressed pride in the bank’s longstanding partnership with the country, stating, “Standard Chartered is proud to have been a partner in Bangladesh’s progress for 120 years. Bill’s presence to mark this monumental milestone reaffirms Standard Chartered’s commitment to Bangladesh – both locally and globally. As we embark on our next chapter in Bangladesh, we look to the future to build on our past, leveraging our unique global network, digital expertise, and sustainability initiatives to support the country’s aspirations.”
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Since its establishment in Bangladesh in 1905, Standard Chartered has played a vital role in shaping the country’s banking and financial sectors. The bank has been instrumental in facilitating Bangladesh’s first external letter of credit and pioneering various digital banking solutions. It has continuously led the evolution of the nation’s financial landscape through innovation and first-in-market deals, including the first commodity derivative, first interest rate derivative, and first metal derivative.
Over the past 120 years, Standard Chartered has contributed significantly to the nation’s infrastructure and trade development. The bank has supported Bangladesh’s economic growth by financing critical sectors such as power, energy, telecommunications, pharmaceuticals, aviation, manufacturing, and the ready-made garment (RMG) industry.
As a longstanding partner in Bangladesh’s progress, Standard Chartered has achieved numerous milestones, from facilitating the largest foreign direct investment in the country to enabling the first Bangladesh greenfield investment abroad, as well as the first cross-border acquisition by a Bangladeshi company.
Through its continuous efforts, Standard Chartered remains a steadfast partner in supporting Bangladesh’s growth and development, helping to shape a brighter future for the nation.
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