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Standard Chartered’s private banking profits up nearly 50pc

News Team, 03/08/2021

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.


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