July 22, 2014

Standard Chartered profits on the increase

Pre-tax profits for Standard Chartered Bank increase by 17% during the first half of the year to reach £2.2bn. Interestingly, profits grew for the major bank across all territories except for one.

The territory where it experienced a profits fall was India, which fell by 5.5%. Although profits increased in Hong Kong by 23% and 19% in China. Standard Chartered added that its strong start in 2011 has continued into the second half too.

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