Standard Chartered’s consumer, private and banking business increased its pre-tax profits significantly in H1 2021.
The division’s underlying pre-tax profits stood at $778 million, a 46 percent increase on the $417 million reported a year earlier.
Statuary pre-tax profits also jumped. These were also up 46 percent from $411 million to $756.
Operating income was also up from $2.91 billion to $2.97 billion in the period ended 30 June 2021.
Expenses increased in line with the income increase. In H1 2021 operating expenses were $2.09 billion, up from $2.04 billion a year earlier.