Venezuela

Standard Chartered Bank (SCB) started operating its financial business since the year 1983 through a Representative Office in Venezuela. We act in the capacity of a Representative Office, and as such are unable to take deposits locally or conduct local commercial banking business. Standard Chartered operates through a network of Institutional Banking Correspondents. Standard Chartered's Representative Office is responsible for the Group's Corporate and Institutional Banking marketing efforts in Venezuela, and also offers advisory and support services to both segments.

Standard Chartered in Venezuela provides cross-border service to major local and multinational corporations and institutions with an emphasis on supporting our clients' needs throughout Standard Chartered's global network. We offer a variety of internationals banking products. The office assists in the identification of business opportunities for other units in the Standard Chartered Group such as Treasury (NDF's, FX, Options, Derivatives, etc.), Trade Finance (L/C's, Export and Import Financing), Cash Management and Structured Trade and Export Financing (Pre-shipment Financing, Export Credit Agencies, etc.). In addition, the Representative Office operates a Trade Services Unit that delivers our services to local exporters.