About bank
Standard Chartered Philippines is an international commercial bank that offers personal, wholesale, private, SME, and business banking services.
The company was established in the Philippines in 1872 and is headquartered in the Sky Plaza Building, Ayala Avenue, Makati City 1226. As one of the largest banks in the country, it provides financial services to corporations and individuals. It is also the preferred bank for corporate financing and loan syndication in the Philippines, where it still serves as the Lead Underwriter and Bookrunner for syndicated loans.
Pros and cons
Since Standard Chartered is a registered commercial bank, it offers various financial services to Filipinos. Individuals and businesses gain from these financial services because they help them reach their goals, which leads to prosperity and growth.
However, before using their services, you must first grasp their advantages and disadvantages to understand whether they meet your demands.
Pros
- They provide top-rated custody and fund administration services to foreign and local institutional clients.
- They promote economic inclusion by providing essential financial services to everyone in society, regardless of their income or savings, as well as financial solutions to the economically disadvantaged.
- They focus on the pillars of education, employability, and entrepreneurship to address inequity across the markets through fundraising and community programs.
Cons
- They discontinued the credit card services.
- Some people complain that their line managers are not helpful.
Products
Standard Chartered provides transaction banking services to clients in the Philippines. It also offers innovative and personalized financial market solutions, financial advice, and services in various international market expert areas.
Here are the products available to Filipinos.
Transaction banking
Standard Chartered offers its corporate and individual financial clients the following transactional services:
- Cash management. They offer customized local and international cash management solutions while keeping local regulations in mind. They also provide a comprehensive payment structure, integrated collections, account services, and liquidity management.
- Trade services.They assist Filipinos in meeting their procurement needs by providing guarantees, trade loans, receivables solutions, supply chain finance programs such as Vendor Pre-Pay (VPP), trade payable management, and documented trade.
- Straight2Bank. They provide a completely integrated, efficient, and secure online banking solution. Clients can use this platform to make transactions, hedging, and other information needs using a customizable array of tools.
Financial markets
The company provides clients with innovative and tailored money market and capital market solutions for investments, thereby assisting in risk management and providing financing and investment ideas.
The bank offers the following financial markets services:
- Sales to business and institutional clients with complete financing, risk management, and investment solutions.
- Foreign exchange (FX), rates, credit, and structured product options.
- A range of options to clients interested in commodity-linked funding or investing in commodities can choose from.
- Capital raising services in debt capital markets (DCM), loan syndications, and capital markets solutions (CMS).
- Provides products and services to enable the franchise potential by understanding their client requirements and developing them into sustainable and internationally replicable business prospects.
Corporate Finance
Standard Chartered assists with mergers and acquisitions by conducting a comprehensive strategic study of your company, including financial valuation research. The specialists provide advice on legal, accounting, and tax obligations, as well as benefits.
In addition, they connect enterprises with over 25 export credit and multilateral agencies in China, South Korea, the United States, Europe, and elsewhere.
They also offer structured, aviation, and maritime finance. Structured finance provides customized funding to match your individual needs. Then there are aviation finance services such as sale and leasebacks, debt financings, pre-delivery payment financing, remarketing services, fuel hedging, foreign exchange, and interest rate swaps. Shipping finance, on the other hand, provides unique solutions to shipping enterprises, as well as debt financing and a wide range of advisory services.
