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Standard Chartered - Half-Year Results 'Outstanding', Says CEO
LONDON, August 5 /PRNewswire/ -- Standard Chartered today announced its half-year 2008 results that saw income up 33% to about $7bn and operating profits up 31% to just over $2.5bn. In a video interview Peter Sands, Group Chief Executive, said it had been an "outstanding first half" for the bank with both its businesses performing well. Wholesale Banking income was up 47% and Consumer Banking income up 15%. In the interview Mr Sands identifies the key factors behind these results. He also discusses the group's Asia strategy, the outlook for the rest of the year and why he believes Standard Chartered will continue its investment programme despite the global slowdown. Richard Meddings, Group Finance Director, discusses the results in detail looking at the global performances, margins and capital ratios, as well as costs and investments. The interviews, transcripts, podcasts are available now on http://w3.cantos.com/standard_chartered_bank. Cantos interviews are also available on our CEO Insight page on iTunes. It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44(0)207-936-1333.
