Middle East a bright spot for Standard Chartered | The National:
"Standard Chartered yesterday reported a “low double-digit” rise in profit for the Middle East, North Africa and Pakistan during the first quarter of the year. Group income fell.
The regional gains were reported yesterday by a Dubai-based spokesman. Standard Chartered does not publish full quarterly results.
The rise was attributed to lower costs and lower loan impairments across the lender’s retail and wholesale bank businesses, the spokesman said, giving no further details.
The first quarter performance in the region was in contrast to that of the group as a whole, which reported a “low single-digit percentage” fall in group income, according to an interim management statement.
"
'via Blog this'
No comments:
Post a Comment