Standard Chartered Posts Record Income and Profits - Interviews With CEO and CFO
By Standard Chartered, PRNETuesday, March 2, 2010
LONDON, March 3, 2010 - Banking group Standard Chartered today announced a seventh successive
year of record income and profits as it reported results for the full year
ended 31 December 2009.
In a video interview on www.cantos.com Group CEO Peter Sands
pointed to a focus on Asia, Africa and the Middle East as underpinning the 13
per cent rise in profits to over $5.1bn.
"We've stuck to our strategy, focused on the basics of banking, stayed
open for business throughout all the turmoil and stayed true to our values
and culture."
There had been speculation the emerging markets bank had significant
exposures to bad debts in Dubai, but Group CFO Richard Meddings did not see
this as an issue.
"Our exposures are around $500m. To the extent that there is loss to be
taken there we do not believe that loss will be material."
The bank also reported a strong balance sheet with Core Tier One capital
of 8.9 per cent.
The interviews and transcripts are available now on
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 amanda.alexander@cantos.com or phone
+44(0)207-936-1352.
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 amanda.alexander at cantos.com or phone +44(0)207-936-1352.
Tags: London, March 3, Standard Chartered, United Kingdom