Related News
British bank posts 27% income rise
By Maggie Zhang |
00:00 UTC+8 March 6, 2009
|
Print Edition
Print Edition
STANDARD Chartered Bank achieved an income growth of 27 percent to US$632 million on Chinese mainland in 2008, it reported in a statement yesterday.
The British bank posted a US$177-million operating profit from its wholesale banking on the mainland but it recorded a loss of US$111 million in its consumer banking business. The bank didn't release its net profit figure in the statement.
Before factoring in expenditure, the bank saw a 20-percent jump in the consumer banking business that was driven by a rise in deposits and strong growth in the volume of personal loans, mortgages and non-collateral small loans. But expenses in the sector ballooned to US$238 million as the bank continued to invest to build up its network and human resources.
"Standard Chartered Bank is committed to our business development in China and we will continue to invest for growth," the bank said.
The British bank posted a US$177-million operating profit from its wholesale banking on the mainland but it recorded a loss of US$111 million in its consumer banking business. The bank didn't release its net profit figure in the statement.
Before factoring in expenditure, the bank saw a 20-percent jump in the consumer banking business that was driven by a rise in deposits and strong growth in the volume of personal loans, mortgages and non-collateral small loans. But expenses in the sector ballooned to US$238 million as the bank continued to invest to build up its network and human resources.
"Standard Chartered Bank is committed to our business development in China and we will continue to invest for growth," the bank said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
