×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Standard Chartered posts 20% rise in 2008 profits

Standard Chartered posts 20% rise in 2008 profits
AFP
Comment E-mail Print Share
First Published: Tue, Mar 03 2009. 02 22 PM IST
Updated: Tue, Mar 03 2009. 02 22 PM IST
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.
Comment E-mail Print Share
First Published: Tue, Mar 03 2009. 02 22 PM IST