Standard Chartered Revenue Grew ‘High Single Digit’ Rate
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Standard Chartered Plc, the U.K.’s second-largest bank by market value, said it had “high single digit” revenue growth in the first quarter, driven by consumer and wholesale-banking operations.
Revenue growth was curbed by the U.S. dollar’s strength against Asian currencies, the London-based lender said in a statement today, without giving specific figures. Operating profit expanded by a “low double digit” rate from a year earlier, the bank said. The lender is alone among Britain’s five biggest banks in not disclosing detailed quarterly earnings.