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Stan Chart Earnings Up 25% |
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Author: 123jump.com Staff
123jump.com
Last Update: 1:51 PM EST February 28 2008
Standard Chartered reported 2007 operating income rose 28% to $11.06 billion and profit attributable to shareholders increased 25% to $4.05 billion. The bank benefited from the rising wealth in China, India, and Middle Eastern region. The bank generated $2 billion of income and $1 billion of profit in Hong Kong and for the first saw operating income in India rise above $1 billion. In September the bank raised $2 billion. |
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