StanChart confident of keeping double-digit profit growth

HONG KONG |
Fri Sep 30, 2011 8:25am IST

HONG KONG (Reuters) – Asia-focused bank Standard Chartered is confident it can maintain double-digit income and profit growth, its chief executive, Peter Sands, told reporters on Friday.

The bank reported a record 17 percent rise in first-half profits in August as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.

Sands also said he expected the bank’s revenue to grow in line with costs and it would continue hiring in 2012 and beyond.

(Reporting by Kelvin Soh; Writing by Charlie Zhu)

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/mHiZm9bHdg8/idINIndia-59630320110930

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