Standard Chartered Delivers 8th Year of Record Profits - Interviews With CEO and FD

Mar 02, 2011, 01:37 ET from Standard Chartered PLC

LONDON, March 2, 2011 /PRNewswire-FirstCall/ -- Standard Chartered, the Asia-focused bank, today revealed full-year profits up 19% and income up to over $16 billion.

In an interview with financial broadcaster http://www.cantos.com, Standard Chartered CEO Peter Sands said the growth was "very broad-based" across both the Bank's businesses and across multiple geographies.

Cost growth was running ahead of income growth as the bank absorbed higher wages and regulatory expenses while investing in the business.

Finance Director Richard Meddings was confident that the bank had control of costs. "We're quite clear that in 2011 we will be bringing our Jaws back to neutral; so cost growth broadly in line with income growth." he said.

The interviews and transcripts are available now on http://www.cantos.com/company/Standard+Chartered.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@cantos.com or phone +44-207-936-1372.

SOURCE Standard Chartered PLC