Standard Chartered is on track for record profits in 2009 even though the emerging markets bank had been dogged by concerns about its exposure to Dubai.
The London-based bank told the City today it had achieved "record levels of income and operating profit before tax" in the 11 months to November and insisted that any losses it suffered in Dubai were unlikely to have an impact on its profits.
Analysts are forecasting a profit rise of 6% to $5.1bn (£3bn) by the year-end.
No comments:
Post a Comment