Daily Trust (Abuja)

7 August 2012

Nigeria: Standard Chartered's Half Year Profit Up Nine Percent

Lagos — Standard Chartered Bank last week announced a rise of 9 per cent in both income and profits to $9.51 billion and $3.95 billion respectively for the first half of the year.

A statement from the bank said: "The diversity of our income from a range of countries, products and services continues to underpin our success. Growth in our footprint markets of Asia, Africa and the Middle East remains robust and our extensive network across the major global trade and investment flows continues to provide a key source of competitive advantage."

Income of the bank grew by 5 per cent year on year to $3.5 billion.

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