Bulletin: Standard Chartered's Earnings Momentum Set To Gain Traction

HONG KONG (S&P Global Ratings) Aug. 3, 2021--S&P Global Ratings said today that the Standard Chartered group's growing wealth business and low impairments will support earnings momentum despite persistent drags on interest margins. We also believe that recent year efforts to strengthen risk management will continue to help the group navigate tough COVID-19 conditions. First-half 2021 results confirm that Standard Chartered Bank (SCB; A/Stable/A-1), Standard Chartered Bank (Hong Kong) Ltd. (A+/Stable/A-1) and their ultimate parent Standard Chartered PLC (SC PLC; BBB+/Stable/A-2) are benefiting from recovering loan demand and trade activities as many countries dig out from the worst of the pandemic. This is particularly the case in the group's key markets in Asia, including Hong Kong, China, Korea, Taiwan, and

...August 3, 2021 HONG KONG (S&P Global Ratings) Aug. 3, 2021--S&P Global Ratings said today that the Standard Chartered group's growing wealth business and low impairments will support earnings momentum despite persistent drags on interest margins. We also believe that recent year efforts to strengthen risk management will continue to help the group navigate tough COVID-19 conditions. First-half 2021 results confirm that Standard Chartered Bank (SCB; A/Stable/A-1), Standard Chartered Bank (Hong Kong) Ltd. (A+/Stable/A-1) and their ultimate parent Standard Chartered PLC (SC PLC; ###+/Stable/A-2) are benefiting from recovering loan demand and trade activities as many countries dig out from the worst of the pandemic. This is particularly the case in the group's key markets in Asia, including Hong Kong, China, Korea, Taiwan, and Singapore. In today's results announcement, the group unveiled its plan to create an Association of Southeast Asian Nations (ASEAN) hub and consolidate its Malaysia,...

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