standard chartered awards 2022

This geographic focus and commitment to . Net profit increased to Ksh. As a result of improved insights and services, Data Analytics has secured collaborative projects with over 30 principals and generated more than USD8 million in revenue in the last 18 months. You are currently accessing Risk.net via your institutional login. Alternatively you can request an individual account here, Swaps market braces for $60 trillion Libor conversion, Why risk managers dont trust the EUs new IRRBB test. Joining Standard Chartered Bank, DBS and Olam Group are Government Technology Agency (GovTech) of Singapore, A.P. #FasterBetterSmarter #DigitalBanking #StandardCharteredBank #LetterofCredit, Change is afoot in the Asia region, and the landscape for payments is no exception. Published. Corning Inc., I am particularly pleased with our discipline around expenses that helped us navigate the inflationary pressures of 2022 but still allowing us room to invest in our digital capabilities. A similar transaction saw Standard Chartered propose a cross-currency repo to maturity transaction, which enabled its Indonesian bank client to raise USD funding on the back of Indonesian government bond holdings. StanChart has dedicated sustainable finance teams in Hong Kong, mainland China, Singapore, London and Dubai that work together in boosting the banks ESG franchise. You have entered an incorrect email address! At a meeting with Vietnams prime minister during the UN Climate Conference COP26 last November, StanChart signed three memorandums of association worth $8.5, Asiamoney is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Our Americas franchise focuses on financial institutions and select corporates and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, and the Middle East. It also launched sustainable trade finance last year, to implement more sustainable practices and build more resilient supply chains. Its history can be traced back. eZRx is a one-stop B2B eCommerce platform that offers customers and clients a smarter and more convenient way to buy and sell healthcare products. Teaching teens to be smart consumers, Online learning institution, Nexford University, launches in Kenya, Crown Agents opens new offices in Kenya; puts Kenyan experts in charge, Co-operative Bank net profit for FY 2022 increases by 33% to Ksh. *covers Malaysia, Thailand, Indonesia, Philippines. If you have one already please sign in. Having a Philippine-based branch of a UK bank, purchasing a Vietnamese dong bond from a corporate client I think that is taking it to the next level, says Lpinay. DPP saw S$7.2m in savings predominantly driven by the implementation of digitization initiatives. Standard Chartered has continued to prove its leading role in bridging markets and facilitating capital flows into and from China with its innovative RMB -based solutions and swift reaction to the country's regulatory reforms. Around the same time, the bank also transacted the first cross-currency swap linked to Malaysias local interbank offered rate (Klibor) and USD SOFR. IDC defines a future enterprise as an enterprise that fosters a digital-first culture, leverages industry ecosystems, generates profitable revenue growth from empathetic customer experiences, demonstrates and ability to adapt operating models to complex customer requirements, and are enabled by an intelligent, empowered and agile workforce. Ankur Kanwar #asia #payments #regulation #cashmanagement, Weve partnered with Financial Times to bring you insights including how the developing worlds potential can be unlocked through financing, sustainable supply chain trends and transitioning to net zero through funding plans. 39 seconds ago. Enquiries to: This award is testament to our teams expertise and commitment to consistently deliver outstanding client solutions in the most dynamic markets across the world.. EU banks need billions in hedges to pass new NII test, Top 10 operational risks: focus on third-party risk, High-frequency flap over CMEs Aurora data centre, California Residents Do not sell my personal information. Country and regional winners of the IDC Future Enterprise Awards were determined following a two-phased approach. YOA Insurance: Best Insurance Broker Nigeria 2021, Fidelis Finance: Best Economic, Environment and Social Impact SME Finance West Africa 2019, Private Client Holdings: Best Investment Advisory Team South Africa 2019, SIS Group of Schools: Best International Educational Institution South East Asia 2021, Royal Brunei Airlines: Best Flag Carrier Financial Management Team Southeast Asia 2020, Thaioil: Best Energy Corporate Governance Thailand, ENGIE New Ventures: Best CleanTech Strategic Investor Global 2022, Ageas: Best Sustainable Insurance Solutions Europe 2021, FLI Global Ltd: Best Environmental Solutions Partner Europe 2020, Active Capital Reinsurance Ltd: Best Credit Reinsurance Solutions for Institutions Latin America 2019, Moodys De Mexico SA De CV: Best Credit Rating Agency Mexico 2019, Central Bank of the Dominican Republic: Best Central Bank Governance Central America and the Caribbean, KPMG Lower Gulf Limited: Best Financial Advisory Team GCC 2022, Etihad Credit Insurance: Most Innovative Finance Solutions Middle East 2021, RTA: Most Innovative Logistics Project Investment Team GCC 2019, Standard Chartered USA: Best International Corporate & Institutional Bank US 2021, Cartica Management: Best ESG Active Investor Emerging Markets 2021, Crescat Capital: Best Global Macro Investment Strategy US 2021. Standard Chartered USA boasts a strong balance sheet with exceptional access to top-tier entities, a proven understanding of dynamic global markets and deep institutional knowledge. Register here: https://lnkd.in/gjV_vxWW, Speaking at the UK-ASEAN Business Council (UKABC) Forum in London on 8 Mar, Bill Winters shared how ASEAN continues to be of strategic importance, both as a trading bloc and in playing the role of a global connector. Companies are registered in England and Wales with company registration numbers 09232733 & 04699701. November 5, 2022 4:21 AM. The bank attributed this to inflation and increased investment in digital channels. When expanded it provides a list of search options that will switch the search inputs to match the current selection. If you have any problems with your access, contact our customer services team. e.preventDefault(); If you already have an account please use the link below to sign in. He said: The organisations and individuals who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations to the winners and to those who have put so much work into each winning submission.. Standard Chartered's credentials in the environment, social and governance field are well known. To learn more about IDC, please visit www.idc.com. Standard Chartered's Transaction Banking team wins the best IT team category in this year's WatersTechnology Asia Awards on the back of its efforts in tackling the challenges presented by the Covid-19 pandemic, with sustainable digitization being the watchword. Cornings Sustainability Journey by Corning Incorporated | Special Award for Sustainability: Cornings sustainability journey began 170 years ago with an emphasis on safety, innovation, and community engagement. The nominations and results of IDCs Future Enterprise Awards 2022 have shown that organizations are accelerating their digital-first strategies that build value and growth by aligning all parts of the business and IT landscape with digital workflows, ends Lai. Olam Group Limited, Standard Chartered is the winner of Asiamoneys award for best bank for ESG in Hong Kong in 2022, thanks not just to its efforts to help clients become more sustainable, but also for the work it has done internally to become a sustainable organization, and its move to make the citys buildings more energy efficient. Tribune Desk. Public agencies can overcome the burden posed by inefficient, non-updated information transfers with ADEXs real-time, asynchronous fire-and-forget data transfer. Standard Chartered Bank led by bankero Lynette Ortiz has been recognized for its achievements in Transaction Banking, capturing a total of twenty-eight awards in Asia at The Asset Triple A Awards 2022, including the award for Best Service Provider E-Solutions for Philippines. To win this in the ESG Impact Investing category makes the award even more special. Pedestrians pass the headquarters of Standard Chartered in London on Feb. 14, 2022. For more information about IDC Future Enterprise Awards, contact Vanessa Ong at vong@idc.com For media inquiries, contact Michael de la Cruz at mdelacruz@idc.com or Miguel Carreon at mcarreon@idc.com. Loans and advances to customers were up 11% reflecting increased business activities by clients. . SC Ventures' different functions include venture building, investments, fintech engagement and entrepreneurship to help employees on their journeys to becoming entrepreneurs. The Startups with diverse business models were awarded $ 10,000 in seed funding after a 12 weeks of an immersive learning experience. Future of industry ecosystems, You need to sign in to use this feature. Standard Chartered Bank Kenya have today released its financial results for the year ended 31 December 2022. 9 Billion net profit for the year ended 31 December 2021, Caleb Kositany is the new KAA Chairperson, NBK & Ministry of Water, Sanitation and Irrigation to support farmer led irrigation development, AFRAA & Kenya Association of Air Operators partner to support development of the airline industry in Kenya, Politicians dominate list of 50 people nominated for the Chief Administrative Secretary position. Matip emerged as the winner from a shortlist that also included Che Adams, Ryan Fraser, Harry Kane, Ben Mee and Wilfried Zaha. 14.5 billion in the previous year. Asiamoney is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Moller Maersk | Best in Future of Customer Experience: A.P. Standard Chartered Bangladesh (SC Bangladesh) scooped the 2022 Bank of the Year award after it took bold steps to drive forward the country's green and digital agenda, launching services specific to the domestic market. And weve been very quick, very proactive in positioning ourselves on that product with all the regulatory and compliance caveats that apply to both term SOFR and the local markets. Please contact info@risk.net to find out more. In Vietnam, StanChart has become a sustainability leader, making it Asiamoney's choice for this award. Standard Chartered is one of a handful of relatively new credit providers in the currency space, having started its FXPB operation five years ago. You can update your choices at any time in your settings. Standard Chartered is determined to be at the forefront of environmental, social and governance. These awards were independently and expertly judged solely on the basis of entrants submissions and their response to a number of specific questions, which were answered by focusing on the client experience rather than purely quantitative performance metrics. Standard Chartered Bank Ghana PLC has appointed Ebenezer Twum Asante as Chairman of the Board of Directors with effect from March 1, 2023. 6 that was paid in December 2022. Moreover, it enhances field operations and improves tree risk management effectiveness, enabling virtual tree inspection so that arborists can better focus on physically inspecting trees that require greater attention. The 2022 Future Enterprise Awards Singapore winners will compete at the regional finals happening at the highly anticipated in-person event IDC Asia/Pacific DX Summit and Future Enterprise Awards 2022 on October 26, 2022. Standard Chartered Awarded Best International Corporate & Institutional Bank US 2021, Best International Corporate & Institutional Bank US 2021. To this end, Standard Chartered endeavored to help its Chinese clients understand the timelines around various Ibor cessations, the regulatory implications of those cessations and the mechanics of SOFR. Learn more in our Cookie Policy. To achieve Thaioils corporate. Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. Two of our client solutions were also recognised with 'Treasury Team of the Year' and 'Corporate Innovation awards'. Syfe relies on IaaC for transparency and self-documentation, allowing seamless collaboration between development and the DevOps teams. Several transactions have taken advantage of the differences in liquidity conditions in different jurisdictions that the bank has operated in over the past year. There have been a multitude of such transactions over the past 12 months, each of which highlights Standard Chartereds enduring strengths as an interest rate derivatives house in Asia. Ltd., among other organizations recognized for their exceptional digital innovations and leadership. Their rapidly expanding diverse venture and investment portfolio with six high-conviction themes re-imagine how banks will serve society: digital banking and lifestyle, online economy and payments, SMEs and world trade, digital assets, capabilities as a service, sustainability, and inclusion. In a second series of transactions, the bank replicated this structure to deliver financing for corporate and financial institution clients in Korea. The group, headquartered in the UK and dual listed on the London and Hong Kong Stock Exchanges, deploys a global workforce of 85,000 employees with over 120 nationalities to serve clients across 150 markets. For more stories and expert opinions please visitInsightsatsc.com. Moller Maersk transformed its Regional Transformation and Customer Outcomes team with a new customer implementation strategy focused on delivering seamless onboarding by unlocking the value of integrated logistics with speed and quality. Finally, I acknowledge the dedication of my colleagues whose deep expertise combined with commitment has delivered seamless service to our customers and communities, bringing to life our brand promise to be Here for Good. 34 billion from Ksh. Bizna Digital Services is a Business Enterprise Development portal that supports access to better goods and services by marketing and promoting businesses. These include 'MEA Green Deal of the Year' for a hydrogen project in Saudi Arabia for ACWA Power, Air Products and Neom. Reading Time: 2 mins read. If you already have an account, please sign in here. Our Wealth Management, Transaction Banking and Financial Markets products performed strongly. In the early days of digital transformation (DX), the focus was mainly transforming the business, experimenting with technology, solving problems brought by the pandemic. In Vietnam, StanChart has become a sustainability leader, making it Asiamoneys choice for this award. Standard Chartered formally joins the Kenya Business and Disability Network. View our subscription options. With the basis between the cross-currency swap curve and the underlying bonds yield moving higher, the client obtained a total of $100 million of financing for three to five years, at a rate of roughly 50 basis points lower than prevailing yields of comparable bonds. Please contact info@waterstechnology.com to find out more. Transaction Banking. Why is, Brunei Darussalam is a hidden gem of peace and prosperity on the island of Borneo. Owing to ease of use and accessibility, Syfe has investors from 18 to 93 years old. The single total figures for Bill and Andy represent year-on-year increases of 30 and 27 per cent respectively, reflecting the improved performance achieved for the 2020-22 LTIP awards. By continuing to use this website you are giving consent to cookies being used. Weve continued to expand our product offerings and continue to focus on liquidity conditions that are changing, says Bruno Lettich, managing director, head of global rates at Standard Chartered Bank in London. But the cross-currency arbitrage play that has been more commonly seen over past years is dollar investors buying Japanese government bonds and swapping back to USD. The DPP is a multi-year iconic program to drive massive Operations Transformation leading to best-in-class performance, and cultural/digital leadership with a focus on 4 pillars: Digital Channel & Servicing, Digital Operations, 4Cs Control Tower, and Digital Workforce; to power our vision of Future of Ops, which is robust, reliable, and resilient. Torry Berntsen, Against the backdrop of rising #InterestRates and stressed valuations there are bright spots. This disruption meant making a material impact in food and agriculture by introducing game-changing experiences and creating new business models and profit pools reconfiguring the organizations core to deliver cost efficiencies and higher productivity. Gold standard: Are golden copies losing their luster? Future of digital innovation, Deposits from customers continued to grow, up by 5 per cent and funding quality remains high with current and savings accounts making up 93 per cent of total customer deposits. The event will also be available on-demand in IDC Arena, IDC's intuitive, data-driven content hub. "We like change, we like to be flexible, and we want to be part of the new wave of FXPB s . The performance was driven by strong top-line growth with operating income up by 16 per cent to Sh34 billion from Sh29.2 billion. This website uses cookies. Learn how your comment data is processed. 2018 HapaKenya Media Ltd. - All rights reserved, PORTRAIT PHOTOGRAPHY Standard Chartered Bank Nigeria Limited. Standard Chartered Nigeria Ltd. has been recognised for its continued effort towards accelerating net zero campaign in Nigeria at the annual Environmental Sustainability Conference, Expo and Awards, ECOSEA for 2022. Some markets are reluctant to hike; some have been very quick to do so. Its focus on digitalization enhanced efficiency in park and horticulture management and strengthened conservation and management of nature and biodiversity to facilitate prompt maintenance and conservation intervention measures. It was able to provide a corporate in Vietnam with financing at an attractive level via participating in the clients onshore VND bond issuance. Where does the fallout from the Adani crisis take India now? STUDIO SHOOT In 2020, for example, the bank traded the first USD/CNY cross-currency basis swap in China referencing the CNY seven-day depository-institutions repo rate and the USD markets new secured overnight financing rate (SOFR). Hear from Saif Malik and other expert panellists as they discuss how supporting inclusive economic expansion is also an opportunity for business growth. It also recognized the Banks ability to be agile, ambitious, and always client centric. Notify me of follow-up comments by email. Kariuki Ngari, Chief Executive Officer, said: "We have delivered a strong set of results in 2022, with profit before tax up by 36 per cent, with business momentum driving top-line growth of 16 per cent. As Lpinay explains, it is Standard Chartereds broad geographical footprint across the Asia region spanning 21 different markets that makes such transactions possible. Future of customer experience, Underlying credit metrics improved as the economic conditions stabilised and impairment losses declined by 38 per cent. The board has recommended a final dividend of Ksh. Standard Chartered Bank Kenya Limited today released its results for the year ended 31 December 2022. It is the intelligent workhorse in the background that enables WOG cross-collaborations with data that is shared seamlessly and securely. The IRS has increased the standard mileage rates to 65.5 cents per miles for business purposes in 2023, up from 58.5 cents in early 2022 and 62.5 cents in the second half of 2022. The bank also continues to be focused strongly on the USD benchmark transition, given the large number of clients the bank has across the region with sizable exposures to US dollar Libor on their books, through bonds and loans, as well as the derivatives used to hedge them. Share: Prize. The Central Bank of, With unparalleled experience in audit, tax and advisory services, KPMG has the depth of knowledge and, Etihad Credit Insurance (ECI), the UAE Federal export credit company, was established in 2017 through a, To achieve its vision of safe and smooth transport for all, Dubais Roads and Transport Authority, Standard Chartered USA draws on more than 160 years of financial services experience to execute clients. The banks focus now is on solutions to help clients adapt to the new market uncertainties they face in managing their interest rate exposures, something reflected in a 20% year-on-year increase in client income as of June. Standard Chartered's 117-year uninterrupted presence in Bangladesh makes for quite a sales pitch. At Standard Chartered we're proud that the service we give to our customers is rewarded with recognition by the financial press, charities and award bodies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. To use this feature you will need an individual account. Steven Cranwell, CEO and Regional Head of Client Coverage, CCIB, Standard Chartered Americas, said: We are extremely proud of this recognition. He succeeds Dr. Emmanuel Oteng Kumah who retired from the Board in October 2022. 5.4 Billion net profit for H1 2022, Keyara Botanics & Pure Purple among startups shortlisted for the Stanchart Women in tech program, Stanchart to invest Ksh. Currently, there are 30+ ventures at different stages and 21 fund investments in their portfolio, so far, with focus on companies that provide technology and capabilities that can be integrated into the Bank and Ventures. IBGO services corporate clients in 6 Core Markets and 8 International Centers, processing more than 50 million transactions a year. Published by Infopro Digital Services Limited, 133 Houndsditch, London, EC3A 7BX. The company now has dedicated sustainability leads across each of its business segments and has created a Center of Excellence to ensure coordination of sustainability initiatives across the company. As CIO, Jimmy has continued to forge new paths for DBS multi-year digital transformation journey, and it is today arguably more like a technology company and less like a traditional bank. Future of intelligence, It is this process that makes WealthBriefing awards so prized amongst winners. Proud to receive 6 awards from the 2022 TMI Awards for Innovation & Excellence. 9 billion in the same period in the previous year. Digitalisation of Parks, Greenery & Biodiversity and Conservation Management by National Parks Board (NParks) of Singapore | Best in Future of Work: The National Parks Board adopted an advanced digitalization strategy that involves utilizing a science-based approach in developing ecosystems of digital tools and analytics including automating tree measurements extraction to build digital-twin of trees that are spatially, semantically, and biologically accurate. 34 billion from Ksh. Where better to do that than in Hong Kong, which is well-positioned to shape the future of green finance in the region and has long led the development of innovative ESG-linked products? You are currently accessing WatersTechnology.com via your Enterprise account. Asset quality remained stable. A lot of the work is spearheaded by Tracy Wong Harris, head of sustainable finance for Asia. Standard Chartered Bank headed by bankero Lynette Ortiz has been recognized for its achievements in Transaction Banking, capturing a total of ninety-seven awards across its markets at The Asset Triple A Awards 2022, including the award for Best Service Provider E-Solutions for Philippines. If you already have an account please use the link below to sign in. Stand-up comedy is a form of entertainment that has A comfortable retirement is a dream and the ultimate 8 ways to turn your hobby into a profitable business, Struggling Churchill Comedian Johnny Boy calls out Kenyans after selling household items and depleting savings, Things retirees can do to earn and keep busy, Huawei releases Wi Fi 7, to revolutionize internet connectivity, NBK and Ministry of Water, Sanitation and Irrigation partner to support Farmer Led Irrigation Development in Kenya, Ex CAS David Osiany to hand over to Rutos 7 new CAS appointees, Stanbic Kenya Foundation, German Cooperation boost resilience of MSMES in Uasin Gishu. Through its corporate, commercial and institutional banking division, Standard Chartered USA works with multinational corporations, nancial institutions and development organisations, leveraging the groups global network and deep local knowledge to support clients growth and international expansion efforts. For example, the bank had excess liquidity in the Philippines, which it was able to use to raise financing for clients in markets such as Vietnam and Korea, by taking advantage of dislocations across the different interest rate curves. As the framework for banking transformation and serving customers the way they want and need to be served, SC Ventures explores new, disruptive technologies and experimental businesses adjacent to the core bank. These also enables distributors to transact billions of USD through their phones, and helps customers trace their products and measure their sustainability impact across their entire value chain.