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.