Standard Chartered Half Year Results

hii sir, I wants to get the Financial result of the half year of the Standard Chartered bank ? will you please provide me the report of the Financial half year result of the half year of the Standard Chartered bank?

[Shaleen]

As you asking for the Financial result of the half year of the Standard Chartered bank the result is as follow :

Reported results
• Operating income of $8,495 million is down 8 per cent from H1 2014, primarily driven by currency translation, business divestments and mark to market valuations

• Profit before tax of $1,824 million is down 44 per cent from H1 2014 as adverse loan impairment trends continued to impact performance


Performance metrics
Normalised earnings per share declined 50 per cent to 48.7 cents from 96.5 cents in H1 2014
Normalised return on ordinary shareholders’ equity of 5.4 per cent (H1 2014: 10.4 per cent)

Dividend per share reduced by 50 per cent to 14.4 cents per share (H1 2014: 28.8 cents)

Capital and liquidity metrics
Common Equity Tier 1 (CET1) of 11.5 per cent on a CRD IV end point basis (2014: 10.7 per cent)
Advances to deposits ratio of 72.6 per cent (2014: 69.7 per cent)

Liquid asset ratio of 31.4 per cent (2014: 32.2 per cent)

Programme of actions

Now within the CET1 11 – 12 per cent range, six months ahead of the year end
Well on track to deliver cost saves in excess of $400 million in 2015 and also $25-30 billion saves in low returning RWA by 2016

Actively de-risking the business – Retail unsecured down 9 per cent, Commodities exposure down 11 per cent and Top 20 corporate exposures down 11 per cent since year end 2014

Progress on simplifying the Group – announced new management team and simpler organisational structure

Completed business exits including Consumer Finance businesses in Hong Kong, China and Korea, generating net disposal gains of $219 million and releasing capital

For further information, please contact:
Jon Tracey
Global Head, External Communications
Standard Chartered Bank
+44 20 7885 7613