Friday, September 30, 2011

StanChart confident of keeping double-digit profit growth

HONG KONG: Asia-focused bank Standard Chartered is confident it can maintain double-digit income and profit growth, its chief executive, Peter Sands, told reporters on Friday.

The bank reported a record 17 percent rise in first-half profits in August as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.

Sands also said he expected the bank's revenue to grow in line with costs and it would continue hiring in 2012 and beyond. ' Reuters


No comments:

Post a Comment