Standard Chartered Bank has Shut Down Half of It’s Branches in Pakistan

Standard Chartered Bank (SCB) claims to provide world-class banking services, but consumers’ access is curtailed because the bank’s branch network has shrunk by more than half in the last five years, according to reports.

The bank, which had 101 branches in 2015, today has only 49, including three Islamic branches in ten locations.

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The bank’s management has closed branches that they deemed to be loss-making and inefficient in terms of operations, focusing instead on corporate banking and digital banking as the major business strategy for doing business in Pakistan.

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