Get information and resources about our Annual General Meeting.Regional Head of Investor RelationsGlobal Head, Investor RelationsInformation on credit ratings & debt securities in issue.Head, Debt Investor Relations & RatingsGet information about other investor events, including capital raises.Regional Head, Investor RelationsView our leadership and governance framework, which includes information on our company purpose, responsibilities of our directors, shareholder information and the kind of business we undertake.90 M.G.Road, Mumbai 400001, India© Standard Chartered 2020.
The increase followed an even-sharper increase in impairments in the first quarter.Underlying profit before tax fell to $733 million, compared with $1.23 billion a year earlier, the Asia-focused lender said Thursday.The bank added that it has extended its cost-control initiative into 2021.Net interest income plunged 15% to $1.66 billion, mainly dragged by margin compression. For the second half, Standard Chartered expects income to decline both sequentially and from the prior year, as some countries' economic recoveries are unlikely to offset the negative impact of low interest rates globally.Standard Chartered had earlier canceled this year's interim dividend and warned that the public health crisis could derail its previous target to achieve at least 10% return on tangible equity by 2021.Standard Chartered PLC's second-quarter pretax underlying profit slumped 40% from a year earlier, as credit impairments continued to surge amid the prolonged coronavirus pandemic.Operating income fell 4.2% to $3.72 billion.However, the lender believes credit impairments for the coming months may come down from the first half-year, if economic conditions in its markets do not materially deteriorate.Write to Yifan Wang at yifan.wang@wsj.comThe decline was primarily due to a surge in credit impairments, which jumped to $611 million from $176 million. Net interest margin was 1.28%, down 0.39 percentage point from the same period in 2019.A little insight into the smartphone market, ahead of Apple Inc.’s earnings report due out on Thursday, came from what many may see as an unlikely source — N95 face masks, Post-it Notes and Scotch tape maker 3M Co. Join us as we create a host of unique experiences for our clients around the world Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England. It is currently one of the Hong Kong SAR's three note-issuing banks. Standard Chartered Plc is set to begin a new round of job cuts, joining rivals such as Deutsche Bank AG and HSBC Holdings Plc in restarting reductions put on hold at … Phone Mobile Email Investor.Relations@sc.com Address 90 M.G.Road, Mumbai 400001, India ... Computershare Investor Services PLC.
Standard Chartered Bank Building, 4-4A Des Voeux Road, Hong Kong Mumbai team. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. All rights reserved.Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500032, India1 Basinghall Ave, London, EC2V 5DD, United KingdomStandard Chartered Bank Building, 4-4A Des Voeux RoadStandard Chartered Bank Building, 4-4A Des Voeux Road, Hong KongAccess information related to our financial results and find details of the next announcement.17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong KongThe Pavilions, Bridgwater Road, Bristol, BS99 6ZZOur latest share price and dividend information at a glance.Download our presentations at investor conferences worldwide.Help us fulfil our purpose – driving commerce and prosperity through our unique diversityLearn about previous investor days, which focus on a specific topic. Standard Chartered PLC's second-quarter pretax underlying profit slumped 40% from a year earlier, as credit impairments continued to surge amid the prolonged coronavirus pandemic. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Standard Chartered PLC operates through a number of subsidiaries including SCB, one of the leading international banking and financial services company. Investor Relations, Mumbai.