Home » Economy » Standard Chartered PLC: Leading Banking Group in Emerging Countries – Get the Latest Insights Here

Standard Chartered PLC: Leading Banking Group in Emerging Countries – Get the Latest Insights Here

by Alexandra Hartman Editor-in-Chief

2023-11-22 10:14:44

Standard Chartered PLC is the leading banking group in emerging countries. Net Banking Product (NBI) by activity is broken down as follows: – retail banking and private banking (52.2%): sale of traditional banking products and services, issuance of credit cards, consumer and real estate loans, loans to SMEs, online banking, etc. ; – commercial banking, investment banking, investment and market banking (47.6%): trade financing, syndicated loans, sale of structured products, cash and rate management, clearing and custody of securities, management of funds, etc. ; – private bank (0.2%). At the end of 2022, the group manages USD 461.7 billion in outstanding deposits and USD 310.6 billion in outstanding loans. The geographical distribution of GNP is as follows: Europe and the Americas (3.4%), Asia (75.7%), Africa and the Middle East (17.1%) and others (3.8%).

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