London: Standard Chartered, a bank focused on emerging markets, said on Tuesday that its net profits jumped by a fifth to $3.41 billion (€2.69 billion) in 2008, as it shook off the financial crisis.
“To deliver record results in this exceptional environment is a great achievement,” the bank’s acting chairman John Peace said in the earnings statement.
“The group has focused on building balance sheet strength and on maintaining high levels of liquidity. We are on a firm footing for the challenges and opportunities that will come during 2009,” he added.