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StanChart confident of keeping double-digit profit growth

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.

September 30, 2011 / 12:42 IST
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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% 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.

first published: Sep 30, 2011 08:55 am

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