Standard Chartered – Issuer Profile 24 May 2021
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Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation
5/7/2019 [ Press Release ] Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation Fitch Ratings-London-07 May 2019: Fitch Ratings has placed 31 Short-Term (ST) Issuer Default Ratings (IDR) and related ST debt level ratings of EMEA-based banks Under Criteria Observation (UCO) following the publication of its cross-sector criteria for Short-Term Ratings on 2 May 2019. A full list of rating actions is below. Fitch intends to conclude full implementation of the criteria, and resolution of all UCO designations within six months of the designation. KEY RATING DRIVERS The ST ratings of the affected banks are determined primarily by correspondence tables linking short-term to long-term ratings. The new ST rating criteria introduced changes to our correspondence table between long-term and ST ratings. Two new cusp points at 'A' and 'BBB+' have been added to the existing three cusp points ('A+', 'A-' and 'BBB'), where baseline or higher ST ratings can be assigned. For banks with Long-Term IDRs driven by their standalone profile, as reflected by their Viability Ratings (VR), Fitch uses the funding and liquidity factor score as the principal determinant of whether the 'baseline' or 'higher' ST IDR is assigned at each cusp point. The ST IDRs and, where relevant, associated ST debt/deposit ratings of the following issuers have been placed UCO because the ratings could be upgraded by one notch under the new criteria. This is because the latest funding and liquidity scores that feed into their VRs are at least in line with the minimum levels required for a higher ST rating under the new criteria: - Banco Cooperativo Espanol, S.A. -
Global Finance Names the World's Best Investment Banks 2020
Global Finance Names The World’s Best Investment Banks 2020 NEW YORK, February 10, 2020 – Global Finance magazine has named the 21st annual World’s Best Investment Banks in an exclusive survey to be published in the April 2020 issue. Winning organizations will be honored at an awards ceremony on the evening of March 26 at Sea Containers London. J.P. Morgan was honored as the Best Investment Bank in the world for 2020. About Global Finance “Investment banking is a critical factor driving global growth. Global Finance’s Best Global Finance, founded in Investment Bank awards identify the financial institutions that deliver innovative and 1987, has a circulation of practical solutions for their clients in all kinds of markets,” said Joseph D. Giarraputo, 50,000 and readers in 188 publisher and editorial director of Global Finance. countries. Global Finance’s audience includes senior Global Finance editors, with input from industry experts, used a series of criteria— corporate and financial including entries from banks, market share, number and size of deals, service and officers responsible for making investment and strategic advice, structuring capabilities, distribution network, efforts to address market decisions at multinational conditions, innovation, pricing, after-market performance of underwritings and companies and financial market reputation—to score and select winners, based on a proprietary algorithm. institutions. Its website — Deals announced or completed in 2019 were considered. GFMag.com — offers analysis and articles that are the legacy For editorial information please contact Andrea Fiano, editor: [email protected] of 33 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. -
Competition Commission Addresses Exclusionary Conveyancing Practices in the Banking Industry
Media Statement For Immediate Release 17 July 2020 COMPETITION COMMISSION ADDRESSES EXCLUSIONARY CONVEYANCING PRACTICES IN THE BANKING INDUSTRY The Competition Commission (Commission) is pleased to announce commitments made by Standard Bank, Investec, FNB and Nedbank, to reform their conveyancing practices, following advocacy engagements over the past two years. The banks’ renewed commitment is in response to concerns raised by the Commission on the relationship between banks and conveyancers, which is governed through Service Level Agreements (SLAs) and structured in an exclusionary and anti-competitive manner. In February 2018, the Commission conducted the advocacy engagements following a complaint that was filed by Mr Michael Monthe (Mr Monthe) against Standard Bank. In the complaint, Mr Monthe alleged that he had approached about several law firms in the area where he resides for assistance to institute legal action against Standard Bank. Mr Monthe alleged all the law firms that he had approached refused to take on his matter on the basis that they are part of the SBSA’s panel of attorneys and that they are conflicted in terms of their Service Level Agreements (“SLA’s”) with Standard Bank. Further, the Commission established that the practice of restrictive SLAs for conveyancing services extended to other major banks, namely, Investec, FNB and Nedbank. Following the engagements between the Commission, Standard Bank, Investec, FNB and Nedbank, it was agreed that contractual clauses that prevented law firms appointed to provide conveyancing services from acting against the banks on any matter should be removed. These exclusionary clauses created barriers for small and particularly firms owned by historically disadvantaged persons to expand in the market. -
The Standard Bank of South Africa
The Standard Bank of South Africa Annual report 2013 About Standard Bank Contents About this report 3 Established in 1862, the Standard Bank of South Africa (SBSA or Standard Bank) is one of South Africa’s oldest Our business companies. The bank’s original vision was to understand its How we make money 4 customers better, have people with strong knowledge of local How we create socioeconomic value 6 business conditions and to connect borrowers with lenders. This vision created the platform for the kind of bank it has Our performance become and the qualities on which its customers and clients Chief executive’s review 8 rely. Over its history, Standard Bank has grown and extended Executive committee 12 its roots deep into the fabric of South African society. Finance review 14 We have evolved and adapted along with our customers and Seven-year review 24 clients, growing a rich heritage while nurturing and protecting Sustainability report 28 our reputation. We uphold high standards of corporate Risk and capital management report 46 governance, are committed to advancing the principles and practices of sustainable development, and are inspired to Governance and transparency advance national development objectives. Our success and Corporate governance report 101 growth over the long term is built on making a difference in Our board of directors 103 the communities in which we operate. Annual financial statements Directors’ responsibility for financial reporting 122 Group secretary’s certification 122 Report of the audit committee 123 Salient -
Standard Settlement Instructions
STANDARD SETTLEMENT INSTRUCTIONS For Account of: Bank Leumi (UK) PLC SWIFT: LUMIGB22WES Further Credit to: Your beneficiary account name & number in full AUD - AUSTRALIAN DOLLAR Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: Australia and New Zealand Banking Group SWIFT: ANZBAU3MXXX CAD – CANADIAN DOLLAR Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: Royal Bank of Canada, Toronto SWIFT: ROYCCAT2XXX CHF – SWISS FRANC Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: UBS Switzerland AG, Zurich SWIFT: UBSWCHZH80A CNY - CHINESE YUAN RENMINBI Pay to Bank: Hongkong & Shanghai Banking, Hong Kong SWIFT: HSBCHKHHHKH CZK – CZECH KORUNA Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: Ceskoslovenska Obchodni Banka AS, Prague SWIFT: CEKOCZPPXXX DKK – DANISH KRONE Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX EUR – EURO Pay to Bank: J.P. Morgan AG. Frankfurt SWIFT: CHASDEFXXXX EUR – EURO Pay to Bank: J.P. Morgan AG. Frankfurt SWIFT: CHASDEFXXXX 1 STANDARD SETTLEMENT INSTRUCTIONS For Account of: Bank Leumi (UK) PLC SWIFT: LUMIGB22WES Further Credit to: Your beneficiary account name & number in full GBP – STERLING (CHAPS / UK SETTLEMENTS) Sort Code: 30-14-95 GBP – STERLING (INTERNATIONAL) Pay to Bank: HSBC, London SWIFT: MIDLGB22XXX HKD – HONG KONG DOLLAR Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: JPMorgan Chase Bank, Hong Kong Branch SWIFT: CHASHKHHXXX HUF – HUNGARIAN FORINT Pay to Bank: JPMorgan Chase Bank, N.A. London SWIFT: CHASGB2LXXX Cover Through: UniCredit Bank Hungary SWIFT: BACXHUHBXXX ILS – ISRAELI SHEKEL Pay to Bank: Bank Leumi Le-Israel BM, Tel Aviv SWIFT: LUMIILITXXX JPY – JAPANESE YEN Pay to Bank: JPMorgan Chase Bank, N.A. -
Brown Brothers Harriman Global Custody Network Listing
BROWN BROTHERS HARRIMAN GLOBAL CUSTODY NETWORK LISTING Brown Brothers Harriman (Luxembourg) S.C.A. has delegated safekeeping duties to each of the entities listed below in the specified markets by appointing them as local correspondents. The below list includes multiple subcustodians/correspondents in certain markets. Confirmation of which subcustodian/correspondent is holding assets in each of those markets with respect to a client is available upon request. The list does not include prime brokers, third party collateral agents or other third parties who may be appointed from time to time as a delegate pursuant to the request of one or more clients (subject to BBH's approval). Confirmations of such appointments are also available upon request. COUNTRY SUBCUSTODIAN ARGENTINA CITIBANK, N.A. BUENOS AIRES BRANCH AUSTRALIA CITIGROUP PTY LIMITED FOR CITIBANK, N.A AUSTRALIA HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) AUSTRIA DEUTSCHE BANK AG AUSTRIA UNICREDIT BANK AUSTRIA AG BAHRAIN* HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BANGLADESH* STANDARD CHARTERED BANK, BANGLADESH BRANCH BELGIUM BNP PARIBAS SECURITIES SERVICES BELGIUM DEUTSCHE BANK AG, AMSTERDAM BRANCH BERMUDA* HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BOSNIA* UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG BOTSWANA* STANDARD CHARTERED BANK BOTSWANA LIMITED FOR STANDARD CHARTERED BANK BRAZIL* CITIBANK, N.A. SÃO PAULO BRAZIL* ITAÚ UNIBANCO S.A. BULGARIA* CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK N.A. CANADA CIBC MELLON TRUST COMPANY FOR CIBC MELLON TRUST COMPANY, CANADIAN IMPERIAL BANK OF COMMERCE AND BANK OF NEW YORK MELLON CANADA RBC INVESTOR SERVICES TRUST FOR ROYAL BANK OF CANADA (RBC) CHILE* BANCO DE CHILE FOR CITIBANK, N.A. -
(2019). Bank X, the New Banks
BANK X The New New Banks Citi GPS: Global Perspectives & Solutions March 2019 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi Authors Ronit Ghose, CFA Kaiwan Master Rahul Bajaj, CFA Global Head of Banks Global Banks Team GCC Banks Research Research +44-20-7986-4028 +44-20-7986-0241 +966-112246450 [email protected] [email protected] [email protected] Charles Russell Robert P Kong, CFA Yafei Tian, CFA South Africa Banks Asia Banks, Specialty Finance Hong Kong & Taiwan Banks Research & Insurance Research & Insurance Research +27-11-944-0814 +65-6657-1165 +852-2501-2743 [email protected] [email protected] [email protected] Judy Zhang China Banks & Brokers Research +852-2501-2798 -
Settlement Banks for FX and MM Transactions, Options and Derivatives
Settlement Banks for FX and MM Transactions, Options and Derivatives Cou ntry: Currency: Correspondent Bank: SWIFT: Australia AUD National Australia Bank Ltd., Me lbourne NATAAU33033 Acc. 1803012548500 Bulgaria BGN Unicredit Bulbank AD, Sofia UNCRBGSF IBAN BG42UNCR96601030696607 Canada CAD Royal Bank of Canada, Toronto ROYCCAT2 Acc. 095912454619 SYDBANK A/S China CNY Standard Chartered Bank Ltd., Hong Kong SCBLHKHH Acc. 44709448980 Czech R epublic CZK Unicredit Bank Czech Republic AS , Prague BACXCZPP IBAN: CZ242700000000008166802 8 Acc. 81668028 Denmark DKK Danmarks Nationa lbank, Copenhagen DKNBDKKK Acc. 1115 -4 IBAN DK0910050000011154 Euroland EUR Commerzbank A G, Frankfurt COBADEFF Acc. 4008724346 IBAN DE 83500400000872434600 Hong Kong HKD Stan dard Chartered, Hong Kong SCBLHKHH Acc. 44708122739 Hungary HUF OTP Bank PLC , Budapest OTPVHUHB IBAN: HU66117820078102030800000000 Iceland ISK NBI HF NBIIISRE IBAN: IS230100270912726805925439 India INR Standard Chartered Bank , New Delhi SCBLINBB Acc. 222 -0-523804 -8 Indonesia IDR Standard Chartered Bank, Jakarta SCBLIDJX Japan JPY Bank of Tokyo -Mitsubishi UFJ Ltd , Tokyo BOTKJPJT Acc. 653 -0440973 Kenya KES Kenya Commercial Bank, Nairobi KCBLKENX Mexico MXN BBVA Bancomer S.A., Mexico BCMRMXMMCOR Acc. 0095001475 Morocco MAD Banque Marocaine du Commerce Extérieur, Cass ablanca BMCEMAMC New Ze aland NZD ANZ National Bank Ltd , Wellin gton ANZBNZ22058 Acc. 266650 -00001 NZD NO.1 Nor way NOK DNB Nor Bank ASA , Oslo DNBANOKK IBAN: NO32 70010213124 Acc. 7001.02.13124 Valid from: 24.02.2021 Sydbank A/S, CVR No DK 12626509, Aabenraa www.sydbank.com Page: 1/2 Settlement Banks for FX and MM Transactions, Options and Derivatives Cou ntry: Currency: Correspondent Bank: SWIFT: Poland PLN Bank Millennium SA, Warsaw BIGBPLPW IBAN PL 02116022020000000039897935 Romania RO N UniCredit Tiriac Bank SA, Bucharest BACXROBU IBAN RO65B ACX0000000001413310 Saudi Arabia SAR Saudi British Bank, Riyadh SABBSARI Acc. -
List of PRA-Regulated Banks
LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 2nd December 2019 (Amendments to the List of Banks since 31st October 2019 can be found below) Banks incorporated in the United Kingdom ABC International Bank Plc DB UK Bank Limited Access Bank UK Limited, The ADIB (UK) Ltd EFG Private Bank Limited Ahli United Bank (UK) PLC Europe Arab Bank plc AIB Group (UK) Plc Al Rayan Bank PLC FBN Bank (UK) Ltd Aldermore Bank Plc FCE Bank Plc Alliance Trust Savings Limited FCMB Bank (UK) Limited Allica Bank Ltd Alpha Bank London Limited Gatehouse Bank Plc Arbuthnot Latham & Co Limited Ghana International Bank Plc Atom Bank PLC Goldman Sachs International Bank Axis Bank UK Limited Guaranty Trust Bank (UK) Limited Gulf International Bank (UK) Limited Bank and Clients PLC Bank Leumi (UK) plc Habib Bank Zurich Plc Bank Mandiri (Europe) Limited Hampden & Co Plc Bank Of Baroda (UK) Limited Hampshire Trust Bank Plc Bank of Beirut (UK) Ltd Handelsbanken PLC Bank of Ceylon (UK) Ltd Havin Bank Ltd Bank of China (UK) Ltd HBL Bank UK Limited Bank of Ireland (UK) Plc HSBC Bank Plc Bank of London and The Middle East plc HSBC Private Bank (UK) Limited Bank of New York Mellon (International) Limited, The HSBC Trust Company (UK) Ltd Bank of Scotland plc HSBC UK Bank Plc Bank of the Philippine Islands (Europe) PLC Bank Saderat Plc ICBC (London) plc Bank Sepah International Plc ICBC Standard Bank Plc Barclays Bank Plc ICICI Bank UK Plc Barclays Bank UK PLC Investec Bank PLC BFC Bank Limited Itau BBA International PLC Bira Bank Limited BMCE Bank International plc J.P. -
'To Raise, Perchance to Tarry, There's the Rub'
www.berkcap.com NEWSLETTER | 2nd-Quarter 2015 NEW YORK | SAN FRANCISCO | DENVER | LONDON | SYDNEY ‘To raise, perchance to tarry, Berkshire Capital Securities LLC is an independent there’s the rub’ employee-owned global boutique investment bank that provides merger, acquisition, valuation To raise or not to raise? That is the question the Federal Reserve and strategic advisory services to clients focused pondered in the first half. In a March news conference that followed in the investment management and securities a policy committee meeting in which the Fed dismissed its promise to industries. Since 1983, Berkshire Capital has be “patient,” Fed Chair Janet Yellen nevertheless underlined the Fed’s completed over 305 transactions (with AUM intention to let the data drive decisions. “Just because we removed the transfer of nearly $960 billion and an aggregate value of $13.4 billion) and over 275 valuations, word ‘patient’ from the statement doesn’t mean we are going to be strategic reviews and fairness opinions. ‘impatient,” she told reporters, displaying dexterity as a wordsmith that the Bard himself might have applauded. Headquartered in New York City, Berkshire As the Fed considered the timing for tightening — opting to stand pat Capital has partners in San Francisco, Denver, at its latest mid-June meeting — central banks elsewhere were heading Philadelphia, London and Sydney. The team in the opposite direction. Key among them was the European Central consists of over 35 professionals and support staff dedicated to our mandate with more than Bank, which kicked off its own version of quantitative easing to the 30 years’ experience focused in the investment tune of €60 billion ($68 billion) in monthly purchases of government management and securities industries. -
Global Finance Names the World's Best Investment Banks 2021
Global Finance Names The World’s Best Investment Banks 2021 NEW YORK, February 18, 2021– Global Finance magazine has named the 22nd annual World’s Best Investment Banks in an exclusive survey to be published in the April 2021 print and digital editions and online at GFMag.com. J.P. Morgan was honored as the Best Investment Bank in the World for 2021. “With widespread expectations of consolidation in multiple sectors and all around the About Global Finance world, investment banks will play a leading role in reshaping the world economy post- Global Finance, founded in pandemic,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. 1987, has a circulation of “Companies need more than ever to understand the specialties and skills that investment 50,000 and readers in 191 bank brings to the table. Global Finance awards are a valuable guide.” countries. Global Finance’s audience includes senior Global Finance editors, with input from industry experts, used a series of criteria— corporate and financial including entries from banks, market share, number and size of deals, service and officers responsible for making advice, structuring capabilities, distribution network, efforts to address market conditions, investment and strategic innovation, pricing, after-market performance of underwritings and market reputation— decisions at multinational companies and financial to score and select winners, based on a proprietary algorithm. Deals announced or institutions. Its website — completed in 2020 were considered. GFMag.com — offers analysis and articles that are the legacy For editorial information please contact Andrea Fiano, editor: [email protected] of 34 years of experience in international financial GLOBAL WINNERS markets. -
Standard Chartered Bank Zambia Annual Report 2017
New valued behaviours REPORT STRATEGIC 1. Do the right thing 2. Never settle 3. Better together Directors’ report Contents 02 Chairman’s statement 04 Chief Executive Officer’s statement 06 Retail banking 08 Commercial banking 10 Corporate and Institutional banking statements Financials 12 Wealth management 14 Board of Directors 16 Executive Management Team 18 Directors’ report 22 Corporate governance 26 Sustainability 29 Directors’ responsibilities in respect of the preparation of consolidated and separate financial statements 30 Independent auditor’s report 34 Consolidated and separate statement of profit or loss Supplementary information and other comprehensive income 35 Consolidated and separate statement of financial position 36 Consolidated and separate statement of changes in equity 39 Consolidated and separate statement of cash flows 40 Notes to the consolidated and separate financial statements 100 Appendix – Five year summary 101 Principal Addresses 102 Branch Network 103 Dividend 104 Notice of 47th Annual General Meeting Agenda 105 Form of Proxy 1 STRATEGIC REPORT Chairman’s statement Chairman’s statement Annual Report 2018 Earnings per share stemming over 110 years. The potential Risk and Governance to grow the business remains huge, positioning the Bank to grow its strategic Risk continues to be at the forefront Z M W 0.171 footprint across different client profiles. It of every aspect of our business. It 2016: 0.208 is clear from the interaction I have had so is imperative that we continue to be far with both clients and employees that vigilant so that we stay ahead and they appreciate the value of our brand. It mitigate possible economic and social is therefore, our responsibility to ensure headwinds.