According to IFC, the proposed project (“Project”) is an unfunded risk participation facility on a 50:50 basis, between IFC and Standard Chartered (Pakistan) Limited (“SCBPL” or “the Bank”), for up to US$ 200 million equivalent in local currency. The purpose of the Project is to support SCBPL’s trade and short-term working capital finance to eligible clients, and its supply chain finance program in Pakistan which will enhance access to finance to SMEs linked to domestic supply chains.
SCBPL is a 99% subsidiary of Standard Chartered PLC, a global banking and financial services company headquartered in London. Focused on emerging markets (“EMs”), Standard Chartered PLC leverages its expertise via a current network of over 1,200 branches across 70 countries and around 87,000 employees. It is listed on the London, Hong Kong and Mumbai stock exchanges, and ranks among the top 30 companies in the FTSE-100 by market capitalization. The major shareholders of Standard Chartered PLC currently include Temasek Holdings (private) Limited (16.0% stake), Schroders plc (5.6%), and BlackRock Inc (5.6%). All other shareholders currently own less than 5.0% of the Bank.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Standard Chartered PLC||Parent Company||Finance||owns||Standard Chartered Pakistan||Subsidiary||Finance|
Standard Chartered Bank Pakistan
MD & Country Head CCIB Coverage
SCB Head Office, I.I Chundrigar Road, Karachi, Pakistan
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