PLC Standard Chartered Bank Branch in Hong Kong
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Chartered standard on Friday expired The first quarter profit expectations in the back of the strong growth in its heritage management, global markets and global banking businesses.
The Bank’s reported profit before the tax during the three months ended was in March $ 2,103 billion, above $ 1.91 billion in the same period of the previous year.
Here are the 2025 results of the first quarter of Standard Chartered compared to the consensus estimates compiled by the bank.
- Profit before tax: $ 2,103 billion compared to $ 1,905 billion
- Income of net Interest Interests (NII): $ 2,796 billion compared to $ 2,796 billion
“We offered a solid performance in the first quarter of 2025, with profits per action that increased by 19%, driven by the growth of two -digit income in wealth solutions, global markets and global banking,” said the group’s executive director, Bill Winters, in a statement.
The Bank’s Heritage Solutions Division was an outstanding interpreter in the quarter, registering an interannual increase in operational income.
The Standard Chartered global market business registered a 14% increase in incoming operation in the quarter, driven by strong growth in credit trade. The global bank division experienced a 17% increase in operating income.
However, the Bank reserved a credit deterioration charge of $ 219 million in the first quarter, 24% more year -on -year, with bulk vote of its wealth division and retail bank, where growing rates have made voltage payments in certain undeserved.
“In the future, we can expect interest rates to fall, reducing the stress of these borrowers,” Chordination to Michael Makdad, a senior capital analyst in Morningstar.
The profits do not completely capture the impact of Trump’s tariffs, as the “reciprocal” tariffs announced in April were suspended. However, the levies on steel, aluminum and cars have in force since March.
Winters said that while the imposition of commercial tariffs has increased global economic and geopolitical complexity, he hoped that the bank would continue to improve yields.
“Our presence in structurally high growth markets in Asia, Africa and the Middle East is key to boosting the long -term sustainable value for our shareholders, and we continue to reinforce these competitive advantages to boost future growth.
The bank also maintained its orientation for 2025 and 2026, projecting that the income of the operational income grows to an annual compound rate or 5–7% between 2023 and 2026, excluding the impact of the reclassification of the deposit insurance.
The set of profits occurs after Standard Chartered reported in February that annual profits in 2024 increased 18% in the record growth of their unit of wealth and solid results of its market division. The London -based lender had requested a repurchase of shares of $ 1.5 billion after the results of the full year were reported.
The bank is also conducting a cost savings initiative called “Fit for Growth”, which implemented in 2024. Its objective is to save approximately $ 1.5 billion of approximately three years.
Only a few days before, the HSBC Bank rival centered on Asia announced a repurchase of shares of up to $ 3 billion, which aimed to complete before its provisional results of 2025.
