During the same period the bank’s income registered 10% growth to $17.64bn against $16.06bn year-over-year.
Standard Chartered group chief executive Peter Sands said the bank has recorded ninth consecutive year of record income and profits demonstrating the power of its strategy and resilience of its businesses.
"Our capital and funding strength allows us to remain open for business and win more market share. We see huge opportunities in our core markets of Asia, Africa and the Middle East, both within individual markets, and in facilitating the explosive growth of trade and investment flows within the emerging world", said Sands.
During the financial year, its consumer banking income climbed 12% to $6.79bn from $6bn during the same period last year.
The profit from consumer banking income rose 26% to $1.65bn against $1.31bn during the same period last year, mainly attributed by selective growth in unsecured assets, improving deposit margins and the impact of the investments made in 2010.
Wholesale Banking income and profit both increased 9% to $10.85bn and $5.22bn against income $10bn and profit $4.7bn, respectively during the same period last year.
