Consolidates Business Operations in Singapore

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OVERVIEW

Standard Chartered Bank has been operating in Singapore since 1859. Marking our 160^th anniversary in Singapore this year, we have become the first foreign bank to consolidate all our businesses into a locally-incorporated subsidiary, reinforcing our long-standing commitment and investment into the country.

On 13 May 2019, we have successfully completed the transfer of our Commercial Banking, Corporate & Institutional Banking and Private Banking businesses from our Singapore Branch into our local subsidiary Standard Chartered Bank (Singapore) Limited (“SCBSL”), where our Retail Banking and Business Banking businesses have been operating since 2013.

We continue to offer our clients the same access to leading products, facilities and services while leveraging our unique, extensive network to add value to their banking needs.

Click here to view the Notice of Intention published on 20 March 2019.

CONTACT US

If you have any enquiries, please contact your relationship manager or client servicing manager directly. Alternatively, please email straight2bank.sg@sc.com for general enquiries.

For queries, please contact us at:

Retail and Business Banking – Important Changes to the BIC
Retail and Business Banking – Important Changes to the BIC
Commercial Banking and Corporate & Institutional Banking Clients with DDI Collection Arrangements with SCBSL – Important Changes to BIC on 8 July 2019
Commercial Banking and Corporate & Institutional Banking Clients with DDI Collection Arrangements with SCBSL – Important Changes to BIC on 8 July 2019
Existing SCBSL Commercial Banking Clients before 13 May 2019 with no DDI Collection Arrangements with SCBSL – Important Changes to BIC for Local Clearing Transactions (IBG, FAST and PayNow)
Existing SCBSL Commercial Banking Clients before 13 May 2019 with no DDI Collection Arrangements with SCBSL – Important Changes to BIC for Local Clearing Transactions (IBG, FAST and PayNow)

Disclaimer

Standard Chartered Consolidates Business Operations in Singapore

FREQUENTLY ASKED QUESTIONS – LOCAL CLEARING & INDUSTRY CONVERSION JULY 2019

FREQUENTLY ASKED QUESTIONS – BUSINESS CONSOLIDATION MAY 2019