Standard Chartered says enjoys 'strong' first half

28th June 2010, Comments 0 comments

Standard Chartered has performed strongly in the first half of 2010 despite recent market volatility, the Asia-focused bank said in a trading update published on Monday.

"Standard Chartered is tracking towards another strong performance in the first half of 2010, continuing our record of consistent delivery for shareholders," chief executive Peter Sands said in a statement.

"Economic conditions continue to improve across our geographies and business activity levels are increasing, although recent market volatility has had some impact on sentiment.

"Despite this, we are performing well and taking market share. We remain focused on the basics of good banking -- capital, liquidity, risk and costs and on the disciplined execution of our strategy," Sands added.

British bank Standard Chartered said that at the end of May its income and profit were ahead of the comparable period in 2009, excluding an exceptional gain of 248 million dollars (201 million euros) won in April last year.

© 2010 AFP

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