Overview

Malaysia's first bank


Standard Chartered's presence in Malaysia dates back to 1875, when our first branch opened for business at Beach Street, Penang – making us the country’s first and oldest bank.

Locally incorporated as Standard Chartered Bank Malaysia Berhad on 29 February 1984, we employ more than 7,000 people in our operations nationwide which includes our global shared service centre Standard Chartered Global Business Services (formerly known as Scope International), subsidiary Price Solutions, offshore facility in Labuan and head office at Equatorial Plaza in the heart of Kuala Lumpur.

In November 2008, we set up the first and only Islamic Banking subsidiary in the group’s network. Standard Chartered Saadiq Berhad offers a comprehensive range of Syariah-compliant solutions through its digital branches as well as Islamic banking windows at Standard Chartered branches. We established Kuala Lumpur as our global hub for Islamic retail banking in 2012, with Standard Chartered Saadiq playing a key role in supporting international Islamic financing corridors.

We provide a comprehensive range of financial products and services to individuals as well as corporates and have deepened relationships with corporates by supporting their international expansion in our footprint markets. In recent years, we have established relationships with public sector and sovereign wealth fund clients.

Leading the way

Standard Chartered leads the way through product innovation, consistent and strong growth performance and sustainability initiatives. We provide a comprehensive range of financial products and services including Retail, Islamic and Corporate, Commercial and Institutional Banking for individuals, small and medium-sized enterprises, as well as corporates and institutions.

Over the years, Standard Chartered has pioneered many innovations in Malaysia including:

  • First international bank to set up an Islamic banking arm and first to launch Islamic products such as the Murabahah programme in 2005; Profit Rate Swap (IPRS), Cross Currency Swap (ICCS) and Wiqa Forward Rate deal in 2006; as well as Islamic Trade and Supply Chain proposition and TRAIn-I (Total Return Alternative Investments) in 2007 under Standard Chartered Saadiq
  • First bank in Malaysia to offer secured wealth lending in foreign currencies
  • First bank in Malaysia to offer banking through video, audio and chat for the Personal and Priority Banking segments
  • First bank to establish a global operations hub – Standard Chartered Global Business Services – in Malaysia which provides support to the group's operations in more than 60 markets around the world and houses the country's biggest software development centre

Awards and achievements

  • Best in Treasury and Working Capital (Large Local Corporates), Best Service Provider (Liquidity Management) Best Payments and Collections Solution (for Air Asia) and Best Payments and Collections Solution (for Astro Malaysia) in Malaysia at The Asset Triple A Treasury, Trade, SSC and Risk Management Awards 2020

  • Best Trade and Supply Chain House in Malaysia 2019 at the Corporate Treasurer Awards 2019

  • Recognition from Global Custodian for above-average performance in the global, market and category levels according to the 2019 Agent Banks in Emerging Markets Survey

  • Best Customer Experience Credit Card and Best Customer Experience Investment Product as well as Highly Acclaimed in Best Digital Customer Experience (Underwriting), Best Use of Customer Feedback and Best Customer Experience Social Media (Wealth) categories at the Digital CX Awards 2020

  • IRBA Champion in Women Entrepreneurship 2019 for WOWnita at the Islamic Retail Banking Awards

  • Best Savings Account for Privilege$avers campaign and Best Internet Banking Initiative as well as Highly Acclaimed in Best Customer Service Innovation, Best Self-Service Banking and Best New Product Launch for Liverpool FC Cashback credit card at the Global Retail Banking Innovation Awards 2019

  • Market Leader in Malaysia (All Banks) at Asiamoney’s 2019 FX Poll

  • Best Digital Acquisition Campaign and Best Affinity Card for Liverpool FC Cashback credit card at the Mastercard Appreciation Night 2019

  • Best Foreign Bank in Malaysia 2019 by FinanceAsia

  • Best Islamic Digital Bank in Malaysia 2019 by Global Finance for Standard Chartered Saadiq for the third consecutive year

  • Best International Bank Award 2018 by Asiamoney

  • Credit Corporation Malaysia's Top FI Partner Award for the commercial bank category in 2018

  • Best Islamic Digital Bank in Malaysia 2018 for Standard Chartered Saadiq by Global Finance

  • Best Islamic Bank for Digital Innovation 2018 and Best Islamic Digital Banking Product 2018 for Standard Chartered Saadiq Malaysia by The Asset Triple A

  • Best Islamic Digital Bank in 2018 for Standard Chartered Saadiq Malaysia by Global Finance

  • Best New Product Service or Innovation Launch for Shake and Win campaign and Highly Commended award for Best Savings Plan Offering at the 9th Retail Banker International Asia Trailblazer Awards 2018

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