For the first six months ended on 30 June 2012, the lender registered 9% growth in its income, which stood at $9.5bn compared to $8.7bn during the corresponding period last fiscal.
Its Wholesale Banking segment income rose by 10% to $5.9bn compared to $5.4bn during the first six months of 2011 while the segment’s profit before tax surged by 16% to $2.9bn compared to $2.5bn.
Consumer Banking segment income rose by 5% to $3.5bn against $3.3bn during the same period a year ago while profit before tax for the segment slashed by 11% to $899m compared $1bn.
Overseas operation in Hong Kong posted profit before tax of $870m, up by 10% from $790m, Singapore with $545m, up 17% from $465m, Korea with $303m, up 57% from $193m, India with $311m, down 18% from $378m, MESA with $378m, down 12% from $429m, Africa $311m, up 7% from $291m, and Americas, UK & Europe with $464m, up 90% from $244m compared to the first six month of 2011.
Standard Chartered group chief executive Peter Sands said, "Our record of consistent delivery is testament to the resilience of the Bank’s business model, and underscores the sheer diversity of the income engines we have. These results are simply our tenth consecutive first half of record profits."
