StanChart to add China branches by 60%

The lender has achieved the 75% of loan-to-deposit ratio required by the Chinese regulator.

With Asian emerging economies as its business base, the Hong Kong-based Standard Chartered Bank will accelerate the development of its business in China and increase the number of their branches from 61 to at least 100 in 2011, equivalent to the number of branches that its rival, HSBC Holdings, has in China, according to Hong Kong's Ming Pao Daily News.

Lin Yuandong, president of the Shanghai Branch of Standard Chartered Bank, said Standard Chartered Bank has achieved the 75 percent of loan-to-deposit ratio required by the China Banking Regulatory Commission.

Lin said that Standard Chartered Bank will increase its investments in China and it has established a long-term goal on the number of its branches. In addition to increasing the number of branches, Standard Chartered Bank in China will adopt an all-round development pattern in terms of its internal capital and risk assets allocation.

View the full story in the People’s Daily Online.

Follow the link for more news on

Also Read

Krungthai Bank temporarily closes 4 branches due to floods

Bank Negara Malaysia releases policy document on claims settlement practices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit