Standard Chartered Delivers 8th Year of Record Profits - Interviews With CEO and FD

By Standard Chartered Plc, PRNE
Tuesday, March 1, 2011

LONDON, March 2, 2011 - Standard Chartered, the Asia-focused bank, today revealed full-year
profits up 19% and income up to over $16 billion.

In an interview with financial broadcaster,
Standard Chartered CEO Peter Sands said the growth was "very broad-based"
across both the Bank's businesses and across multiple geographies.

Cost growth was running ahead of income growth as the bank absorbed
higher wages and regulatory expenses while investing in the business.

Finance Director Richard Meddings was confident that the bank had control
of costs. "We're quite clear that in 2011 we will be bringing our Jaws back
to neutral; so cost growth broadly in line with income growth." he said.

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