What is the rank of a standard chartered bank?

Standard Chartered Bank’s Ranking in the Financial System

Standard Chartered Bank holds a significant position within the global financial system. According to the Financial System Benchmark, the bank ranks at number 29. This ranking places Standard Chartered as the 13th among 155 peer banks.

The Financial System Benchmark is an industry-standard metric used to evaluate financial institutions based on their performance, stability, and risk profile. The ranking of banks is based on a comprehensive analysis of various financial indicators, including assets under management, market capitalization, profitability, and solvency ratios.

The ranking of 29th for Standard Chartered reflects the bank’s strong financials, global reach, and long-standing reputation. The bank operates in over 60 countries and has a customer base of over 85 million. Its extensive network of branches and subsidiaries allows it to offer a wide range of financial products and services to its clients, including retail banking, corporate banking, and investment banking.

The bank’s performance has been relatively consistent over the past few years. In 2022, Standard Chartered reported a net profit of $4.8 billion, an increase of 2.5% year-on-year. Its return on equity (ROE) stood at 9.8%, indicating a moderate level of profitability.

Standard Chartered’s position as 13th among its peer banks indicates that it is a well-respected and financially sound institution. However, it also highlights that there are other banks within the industry that rank higher in terms of size, market share, and profitability.

Overall, Standard Chartered’s ranking of 29th in the Financial System Benchmark and 13th among its peer banks is a testament to its strong financial position and global reach. The bank continues to play a vital role in the global financial system and is considered a reliable and trusted partner for its clients.