by Amruth Sundarkumar | Aug 1, 2022 | Banks, Global
Britain’s Standard Chartered (StanChart) reported a 10% YoY rise in net profits to $909mn for the June quarter. Net interest income rose 8% to $1.8bn and other income was up 5% to $2.1bn. The bank reported a $67mn credit impairment charge as compared to a $67mn...
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 Amruth Sundarkumar | Nov 3, 2021 | Banks
Standard Chartered reported strong Q3 earnings on Tuesday with income up 7% YoY to $3.8bn and statutory pre-tax profit more than doubling to $996mn from $435mn a year earlier, beating analyst estimates of $942mn. Credit impairment costs reduced massively to $107mn...
