by Amruth Sundarkumar | Apr 29, 2022 | Banks
Standard Chartered (StanChart) reported a 7% YoY rise in Q1 2022 net profits to $1.18bn. Net interest income was up 8% to $1.79bn and non-interest income was up 10% to $2.48bn. The bank reported a $200mn credit impairment charge as compared to a $20mn charge during...
by Amruth Sundarkumar | Feb 18, 2022 | Banks
Standard Chartered (StanChart) reported its Q4 2021 and annual results. Quarterly net losses stood at $382mn vs. a loss of $476mn during the same period in 2020. For the full year 2021, net profits stood at $2.3bn vs. $751mn in 2020. Net interest income stood at...
by Amruth Sundarkumar | Jan 13, 2022 | Banks
Global banking major Standard Chartered announced on Wednesday a deal to acquire RBC Investor Services Hong Kong, one of the 13 Mandatory Provident Fund (MPF) trustees in Hong Kong. The acquisition price was not disclosed. Simon Kellaway, regional head of financing...
by bondevalue | Apr 30, 2021 | Financial Institutions, Investment Grade Bonds
Standard Chartered reported its 1Q2021 results with net profits more than doubling to $1.1bn vs. $517mn a year ago. Like its peers, profits were helped by a sharp reduction in credit impairments of $20mn vs. $936mn YoY. Wealth Management reported a record $641mn...
