The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Top News

Standard Chartered Bank Records Highest Operating Profit In 5 Years

Next Edition by Next Edition
August 4, 2021
in Top News
Standard Chartered Bank Records Highest Operating Profit In 5 Years
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Standard Chartered PLC has released its financial results for the half year ending June 30, 2021, saying its Profit Before Tax grew 37 per cent year on year.

The bank further announced an additional share buy-back programme together with the resumption of the interim dividend payment.

You might also like

Lagos Re-opens Oko-Oba Abbatoir

Gunmen Abduct, Kill Anambra Chief After N15m Ransom

One Killed, Five Injured As Landmine Explodes In Imo Market

Sunil Kaushal, Regional CEO, Africa and Middle East, in a statement on Tuesday, said that the result was a product of the hard work the team had put over the years and the execution of some tough decisions made to drive efficiencies and reduce risk.

“We have remained focused on clients and people have made very good progress on our priorities.

“We are excited about the recent expansion of our network into the Kingdom of Saudi Arabia. We will leverage our presence in the Kingdom to promote trade, investment and capital flows in support of the Saudi Vision 2030,” he said.

READ ALSO: Sen. Dimka Condemns Killings, Destruction Of Farms In Plateau

Kaushal said the bank had launched digital banking platforms across nine key African Markets – Cote d’Ivoire, Uganda, Tanzania, Ghana, Kenya, Botswana, Zambia, Zimbabwe, and Nigeria, which has transformed its business and connection with the clients.

He said the pandemic, rather than becoming a stumbling block, had accelerated the growth by increasing its customer base by over half a million, which accounted 50 per cent higher than the legacy base.

“This has happened during a period when the backdrop while improving remains uncertain and challenging, which is a true testament to the resilience of our underlying business.

“As we move forward, the region is focused on executing swiftly against the strategy to drive growth and we are determined to support our clients achieve prosperity whilst being the most responsible and sustainable bank,” he said. (NAN)

Tags: banksfinancial institutionRise in profitstandard chattered bank
Next Edition

Next Edition

Recommended For You

Lagos Shuts Oko-Oba Abattoir Over Unsanitary Practices

Lagos Re-opens Oko-Oba Abbatoir

  The Lagos State Government has directed the immediate re-opening of the Oko-Oba Abbatoir in Agege following the fulfillment of sanitation and hygienic prescriptions by the operators. The...

Gunmen Invade Monarch’s Palace In Benue, Kill Son, Abduct Daughter

Gunmen Abduct, Kill Anambra Chief After N15m Ransom

  Panic has gripped the Nimo community in the Njikoka Local Government Area of Anambra State following the murder of a prominent traditional titleholder and community leader popularly...

Police Arrest Woman Taking Daughters To Bandits For Sex

One Killed, Five Injured As Landmine Explodes In Imo Market

A landmine exploded inside Eke Ubaheze Market Square in Awo-Idemili, Orsu LGA of Imo state on Tuesday, killing one person and injuring five others. The blast, which occurred...

Imo NDLEA Confirms Arrest Of Alleged Notorious Drug Dealer

NDLEA Seizes 1.94m KG Of Illicit Drugs In Abia, Arrests 222 Suspects

  The National Drug Law Enforcement Agency (NDLEA), Abia State Command, said it has seized about 1.94 million illicit drugs, and arrested 222 suspects in one year.  ...

Next Post
138m Nigerians At Risk Of Lymphatic Disease – Expert

138m Nigerians At Risk Of Lymphatic Disease – Expert




Related News

Court Stops Ayu From Parading As PDP National Chairman

Breaking: PDP Appoints Damagum as acting National Chairman To Replace Ayu

EU Report Further Confirms that Feb. Presidential Election Was Rigged To Favour Buhari - PDP

EU Report Further Confirms Feb. 23 Presidential Election was Rigged to Favour Buhari – PDP

Military Impounds 894 Bags Of Smuggled rice, Arrest Suspects

Military Impounds 894 Bags Of Smuggled rice, Arrest Suspects




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited