Standard Bank Limited

Phone: +880-2-9667224, 9667802 9560299, 9558375

Fax: +880-2-9550597
Email: info@standardbankbd.com

Head Office
Chamber Building(3rd Floor) 122-124, Motijheel, Commercial
Area, Dhaka-1000, Bangladesh.
Known As

SWIFT Code

SBL
SDBLBDDH

Stock Code

STANDBANKL

Category

- Commercial

Type

- Private

Origin

- Local

Description
Standard Bank Limited was established as a Public Limited Company in 1999
under the Companies Act, 1994. Since inception SBL is providing almost all
banking services and products to its clients. During last 12 years it has developed a
good reputation as an efficient commercial banker in Bangladesh.

Standard Bank Limited introduced itself in the commercial banking field of

the country with objectives of providing dynamic and innovative services to people
to meet their todays demand and desire.
Economic Value addition (EVA) must be positive.
Cost efficiency of services and products should be high enough to reach the top
among the commercial banks.
The bank must prove itself as one of the best financial institutions of the country.
At the end of functioning for 12 years it can be said that SBL is advancing in the
right track for the objectives.
Standard Bank Limited (SBL) was incorporated as a Public Limited
Company on May 11, 1999 under the Companies Act, 1994 and
the Bank achieved satisfactory progress from its commercial
operations on June 03, 1999. SBL has introduced several new
products on credit and deposit schemes. It also goes for
Corporate and Retail Banking etc. The Bank also participated in
fund Syndication with other Banks. Through all these myriad
activities SBL has created a positive impact in the Market.

History - After obtaining a full fledged Merchant Banker license

from the Bangladesh Securities and Exchange Commission
(BSEC), merchant Banking operations of the Bank was initially
launched through the Merchant Banking Wing (MBW) in the year
2009. Later on as per Directive of Bangladesh Bank, the Board of
Directors of Standard Bank Limited formed a separate Subsidiary
Company under Standard Bank Limited named SBL Capital
Management Limited. Thereafter the Registrar of Joint Stock
Companies and Firms issued the Certificate of Incorporation and
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also the Certificate of Commencement of business in favour of the

said company. The Bangladesh Securities and Exchange
Commission (BSEC)
then issued a full-fledged Merchant Banker license in the name of
SBL Capital Management Limited .The operation of SBL Capital
Management Limited was launched from January 2011 through
transformation of all activities of the erstwhile Merchant Banking
Wing (MBW) of the Bank to this subsidiary.
OBJECTIVES

To be a dynamic leader in the financial market in innovating new

products as to the needs of the society.
To earn positive economic value addition (EVA) each year to come.
To top the list in respect of cost efficiency of all the commercial Banks
To become one of the best financial institutions in Bangladesh
economy participating in the most significant segments of business
market that we serve.

Vision - To be a modern Bank having the object of building a sound

national economy and to contribute significantly to the Public Exchequer.

Mission - To be the best private commercial bank in Bangladesh in terms

of efficiency, capital adequacy, asset quality, sound management and
profitability.

Service area - a commercial bank Standard Bank provides all general banking
services like Savings Account, Current Account and STD Account. It issues
Demand Draft, Pay Order for transfer of money. It has provisions for other Deposit
Schemes as well.

The deposit schemes offered by SBL are appended below.

SBL Regular Deposit Program (SRDP)
SBL Regular Income Program (SRIP)
SBL Double Income Plus (DI+)
SBL 5(Five) Lacs Savings Scheme
SBL 10(Ten) Lacs Savings Scheme
SBL Lakhopati Plus (SLP+)
SBL Millionaire Plus (SMP+)
As special products Standard Bank has provisions for Consumer Credit Scheme
and House Building Loan for its customers.
Other Fields of Activity
In addition to above SBL performs Corporate Banking, SME
Banking, Merchant Banking, Islami Banking and Remittance
Services.
Corporate Banking
SBL furnish assistance to deserving candidates in Export and
Import businesses. For importers it ensures documentary credit to
you through L/C. It may also arrange back to back L/C in
appropriate case. SBL can manage Deferred L/C for you. The
bank issues Shipping Guarantee for import and even finances
your import on demand.
For export traders Standard Bank provide verities of services to
enhance the business. These are Export L/C advising, L/C
Safekeeping, L/C Confirmation, L/C Checking and Negotiation. Pre4

shipment Export Finance program of SBL provides direct finance

to you.
Standard Bank distributes term loan for industries. This loan is
for Large, Medium and Cottage industries of the country. Thus its
playing a vital role in industrialization of the country.
Moreover SBL has Commercial Lending and Working Capital
lending programs to further help the new entrepreneurs of the
country.
SME Banking
SBL extends financial cooperation to small and medium scale
enterprises of the country at the time of necessity. As the SMEs
contribute substantially for the national economy these program
enhances the overall progress of the country.
Remittance and Services
For providing services to Bangladeshis working abroad Standard
Bank maintains three Exchange Houses, one in the U.K and two in
US.
For collection of inward remittance from nonresident citizens of
the country, SBL employed foreign correspondents and trained
personnel in different potential countries. The bank has provisions
for opening and maintaining of Foreign Currency accounts. This
opportunity is for nonresident and resident citizen of the country.
Treasury Unit of Standard Bank operates in foreign exchange
market and money market of the country. The daily products in
foreign exchange are:
Spot Dealing
Forward Dealing
SWAPS.
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 Forex
Standard Bank actively participates in money market of the country. SBL deals
with:
Overnight (call) Lending and borrowing with banks- NBFIs
Term placement with banks and NBFIs
REPO/ Reverse REPO of Gov.t security scripts with Bangladesh Bank and
other banks
Islami Banking
Standard Bank provides different deposit accounts and deposit schemes under
Islami banking head. All these schemes and products are designed in compliance
with sariah and Islamic values.
Other Products and Services
SBL has Locker Service for safe keeping of your valuables. Most of the major
branches provide this service.
Debit and Credit card services are presented by SBL to its clients at a very
reasonable charge. It provides cards for Local, International and Dual services.
Standard Bank Limited got in the commercial banking of Bangladesh with a
vision and in course of time it has proved its competency to
achieve those targets.

Conclusion-

Despite global recession and economic slowdown we had a very

successful year 2009. The Bank achieved record level of operating profit. This is
an achievement in which we all take proud considering many difficulties and
uncertainties in the financial world. The Bank marched ahead capitalizing the
opportunities and overcoming the adversity and challenges. The strong
performance and growth in all areas of business operation is a reflection of bans
strength in core business and management. The financial statements for 2009 bear
testimony of the banks excellent performance and sound health.

The Bank posted net profit of TK764 million for the year ended December 2009
registering a growth of 16% compared to the last year. The deposit and advances
grew by 45% and 40% respectively while the market was very competitive. We
have carefully progressed with our credit growth branch managing various risk
profiles and strict monitoring system. The bank is now adequately capitalized and
the ratio stands at 13.47% against risk weighted assets. With all provisions made,
classification stands at 1.83%.
The year 2010 will no doubt be another challenging year for the Bank. SBL will
make every endeavor to maintain the quality of assets, keep a close eye on our
balance sheet and the portfolio of investment. SBL shall focus more on improving
profitability by bringing growth in loans and advances and deposit base. SBL shall
try to achieve improved productivity in our operations, maintain sound ratings and
practices in corporate governance, compliance process and strong capital base.
SBL shall also put emphasis on return on assets, return on equity and other key
performance indicators.
SBLs IT infrastructure has already extended its reach across all our branches. SBL
own switching system is in place and we have already installed a few ATM booths.
Our debit cards can be used not only in our own ATMs but also in other networks
operating in Bangladesh. We have already taken associate membership from VISA
International and we shall soon launch VISA credit card which can be used locally
and internationally. Debit and credit card will add to our milestone of progress. In
line with Bangladesh Banks guidelines we want to deepen our stake in agriculture
and agro based projects. We have undertaken initiatives to offer agro loan to
marginal farmers under cluster arrangement. We have already included two
villages under our branches command area to enlist farmers and put them under
banks finance for farming or any other productive activities. Such project will be
done under pilot scheme of ADARSHA GRAM and we believe this will
definitely alleviate poverty among those who are at the marginal level and have
least access to banks finance.
While doing all these, we have not lost sight of our commitment to the society we
belong. We do share various state run activities by way of giving financial
contribution and at times we undertake projects that are solely for disadvantage
group in our society. We also offer scholarship and other financial assistance to
meritorious students particularly in rural areas under corporate social
responsibility.