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Standard Bank Limited (SBL) was incorporated as a Public Limited Company on May 11, 1999 under the Companies Act, 1994 and the Bank achieved satisfactory progress from its commercial operations on June 03, 1999. SBL has introduced several new products on credit and deposit schemes. It also goes for Corporate and Retail Banking etc. The Bank also participated in fund Syndication with other Banks. Through all these myriad activities SBL has created a positive impact in the Market.

SBL have mainly focused on credit quality and diversification of existing financial products and services. In order to cater to the emerging need of Islamic Banking for those who are interested in Sharia based system, SBL have already opened separate desks to offer such services outside interest based transactions. The Bank have a plan to offer full fledged Islamic Banking through separate window from all the branches side by side with conventional banking.

Though corporate financing and trade related investments are SBL major segments of business, but the Bank have slowly and steadily focusing on retail business and small and medium enterprises (SME). Retail and SME has been viewed by Bangladesh Bank to be a major driver of our economic growth. Standard Bank commits to nation to take a lead in the Banking sector through not only its strong financial position, but also through innovation of products and services. It also ensures creating higher value for its respected customers and shareholders. Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, Standard Bank may also carry on any other business which is regulated or authorized by Bangladesh Bank, including financial advisory services, trade finance, short term investing and short-term foreign exchange.

Bangladesh Bank, as the central bank, has legal authority to supervise and regulate all banks and non-bank financial institutions. Bank Company Act, 1991, empowers Bangladesh Bank to issue licenses to carry out banking business in Bangladesh. Given some broad policy goals and objectives, it formulates and implements monetary policy, manages foreign exchange reserves and lays down prudential regulations and conduct monitoring thereof as they apply to the entire banking system. The Bangladesh Bank has the power to impose penalties for non-compliance and also to intervene in the management of a bank if serious problem arise. It also has the delegated authority of issuing policy directives regarding the foreign exchange regime.