Standard Chartered bank posts rising income and profits
"Income in the first nine months of 2011 has grown by a high single digit percentage over the first nine months of 2010," the London-listed lender said in a trading update.
"Over the same period, operating profit before tax grew at a double digit rate," it added.
Standard Chartered added that it predicts double-digit increases in both revenue and pre-tax profit for the whole of 2011.
"The group has continued to perform well in the third quarter of 2011 with income momentum across a broad spread of products and geographies," said chief executive Peter Sands.
"Despite recent macroeconomic events, our markets continue to exhibit strong growth and their growth credentials remain intact."
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