Standard Chartered on track
By Steve Slater |
June 29, 2010, Tuesday
|
Print Edition
Print Edition
STANDARD Chartered Plc said it was on track for a strong first-half performance as its key Asian markets fared better than the West and it grabs market share, although recent economic uncertainty had hurt business.
The bank said yesterday that increased economic uncertainty had resulted in a weakening in client demand for some products in its key wholesale banking arm and created a subdued trading environment.
The bank, based in London but deriving over four-fifths of its profits from Asia, said its income and profit in the first five months of the year were ahead of the 2009 period, stripping out a gain last year on the buyback of debt.
The bank's 2010 pretax profit is expected to rise 18 percent from last year to a record US$6.1 billion, according to the average of 19 analysts polled. Its shares are up 11 percent this year.
The bank said yesterday that increased economic uncertainty had resulted in a weakening in client demand for some products in its key wholesale banking arm and created a subdued trading environment.
The bank, based in London but deriving over four-fifths of its profits from Asia, said its income and profit in the first five months of the year were ahead of the 2009 period, stripping out a gain last year on the buyback of debt.
The bank's 2010 pretax profit is expected to rise 18 percent from last year to a record US$6.1 billion, according to the average of 19 analysts polled. Its shares are up 11 percent this year.
- 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.
