What it does: Standard Chartered Bank specializes in providing various financial and banking services such as consumer banking, credit card issuance, mortgage loans, institutional banking, corporate banking, treasury services, Islamic banking, internet banking, and wealth management to its diverse clientele.
Mission: Standard Chartered Bank commits to growing and creating wealth and contributing to creating a more sustainable world. This company also commits to providing communities and its customers with the chance to improve their finances, standard of living, and wellbeing.
Size and presence: Standard Chartered has a modest workforce comprising 900 employees across its 40 branches in Nigeria. Some of its prominent locations include Lagos, Kano, Abuja, Port Harcourt, Onitsha, Kaduna, and Aba.
Best known for: Standard Chartered is best known for providing a wide array of high-quality banking services to its diverse clientele. This bank is also known for supporting sustainable financial growth and sponsoring the English premier league giants, Liverpool Football Club.
The good bits: Standard Chartered Bank is a good workplace because of its friendly and laid-back atmosphere. There are extra-curricular activities for its employees to have fun with and strengthen their relationships with each other. Employment at this company comes with a lot of perks.
The not so good bits: There are limited growth opportunities.
In 1969, Standard Chartered Bank came into existence via a merger of Chartered Bank (of India, China, and Australia) and Standard Bank (of British South Africa). After the merger, Standard Chartered Bank Nigeria placed 13% of its share capital with Nigerian investors.
After the Civil War, Nigeria experienced a significant economic upturn. The Nigerian military attempted to control the country's retail banking sector. This prompted Standard Chartered Bank to reduce its investments in Standard Bank Nigeria, which was later rebranded as First Bank in 1979. However, till 1996, Standard Chartered Bank remained one of First Bank's shareholders.
In 1999, Standard Chartered moved into the Nigerian financial market again and began operations on the 15th of September. Today, Standard Chartered Bank is one of the fastest-growing banks in the country.
Standard Chartered Bank has an excellent work culture that attracts all kinds of employees. It thrives on diversity and inclusion. This company is described as a bank with a soul. Life at Standard Chartered doesn't end at the office; there are extra-curricular activities such as snooker and table tennis.
The laid-back work atmosphere is a catalyst for employee productivity. Employees are friendly with each other, and there's a bond of mutual respect enhanced by team activities. Gender equality is a thing in Standard Chartered Bank because all employees are considered equal. Everyone has a chance at Standard Chartered Bank.
Standard Chartered Bank adopts a recruitment process that involves job applications, valued behaviors assessments, interviews, and job-related assessments. The job offer comes when a candidate completes all stages.
Standard Chartered Bank is a good place to work for interns and fresh graduates. Thanks to its
core value of inclusion, entry-level staff members won't be seen as mere additions to the workforce. Standard Chartered Bank sees freshers as future leaders with potential. The bank enforces that belief by providing them with the necessary support and exposure to make their mark on the financial and capital markets.
Moreover, interns and fresh graduates will have the chance to work with more experienced professionals and learn directly from them. There's room for fast, professional growth at Standard Chartered Bank.
A fresh graduate at Standard Chartered Bank earns an average annual salary of ₦3 million.
Through its COVID-19 Global Charitable Fund, Standard Chartered Bank raised a huge sum of money in 2020 and 2021 to provide immediate relief and sustainable economic recovery. This initiative impacted several lives in Nigeria and the world at large. This company is known to partner with UNICEF, the Red Cross, NGOs, and local charities for community development activities.
According to new reports, Standard Chartered Bank announced early this year that it would be shutting down some of its branches in the country.