SCB profits rise 9% in H1

Standard Chartered Bank announced that it achieved a 9% increase in its pre-tax profits in the first half of 2026, amounting to $4.78 billion compared to $4.38 billion in the same period of the previous year. This exceeded analysts' expectations, which were at $4.52 billion. The increase is attributed to growth in wealth management, markets, and global banking revenues, with a focus on emerging markets in Asia and Africa. The bank also indicated that the continued rise in oil prices is unlikely to significantly affect its performance in the second half of the year.

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