Nigeria: Standard Chartered's Half Year Profit Up Nine Percent
By Kayode Ogunwale, 7 August 2012
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.
Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.