UK-based Standard Chartered Bank is one of the world’s most international banks with a global network of 1200 branches in more than 50 countries. While not one of the world’s biggest banks, its 150 years of emerging market experience and focus on Asia, the Middle East and Africa has helped develop a well established presence in most of the world’s fastest-growing economies, including India and China.
Banks around the world have achieved record profits and profitability for almost four years in a row as steady economic growth, especially in Asia, globalisation and the awakening of consumer finance in new markets continue to stimulate financial institutions. While uncertainties exist, the relatively benign environment is creating a bonanza for banks.