Standard Chartered said it was on track for a strong performance in the first half of the year as its key Asian markets fared better than the west and it is taking market share, although margins weakened.
Standard Chartered said today that income and profit in the first five months of the year were ahead of the comparable period of 2009, excluding a $248m gain from the buyback of notes last year.
The bank, based in London but deriving over four-fifths of its profits from Asia, said in May it had enjoyed a record first quarter and its trading update said it had continued to perform well, but did not report any figures.
