Standard Chartered's half-year profit increased 34% for six months.

Standard Chartered Group (02888) Reports Pre-Tax Statutory Profit of US $ 2.346 Billion in the First Half of June, Up 33.75% YoY and US $ 2.366 Million Base Benefit Up 22.77%.

In the first half of the year, earnings attributable to common shareholders stood at $ 1.343 billion, up 38.31% from one year on the other. . Basic earnings per share of 44.9 US cents, given the improved financial performance, strong capital, resumed the interim payment of 6 cents US.

During the period, Standard Chartered's core operating income was $ 7.649 billion, up 5.91% from the target in medium term of the Group from 5% to 7%. Operating expenses rose 7.3% to 5.177 billion yuan, reaching the goal of $ 2.9 billion in total profitability six months earlier than expected, and the expenses of the company were $ 1.95 billion. second half will be similar to the first half. The impairment loss on credit is $ 293 million, down 50% year-over-year and 53% down in six months.

Return on equity during the Standard Chartered period increased by 150 basis points to 6.7%. The Tier 1 common equity ratio increased by 60 basis points to 14.2%.

Standard Chartered President José Viñals said in his performance report that the Group's performance in the first half was stable and that it had made encouraging progress on various aspects. The turnover of the main products continues its strong growth and the Group invests in new digital technologies and other exciting transformation projects.

During the first half, the return on equity allowed Standard Chartered to achieve a return on equity in the medium term of over 8% and encouraged the group to decide to resume the payment of interim dividends, while recalling that 8% of equity should be returned. If we can consistently and consistently implement the strategy, the performance that Standard Chartered can continue to achieve should not stop there. In the future, the macroeconomic environment will continue to be supported by the stable and fundamental growth drivers of various markets, but it is also affected by the uncertainty caused by trade frictions and trade-offs. geopolitical risks. Standard Chartered thus maintains global economic growth. A cautiously optimistic attitude.