Standard Chartered happy to be boring

Standard Chartered, the bank focused on emerging markets, notched up a record first half profit for the tenth successive year and worried that the performance might be seen as 'boring' in the current context of dramatic events in the banking sector.

Standard Chartered, the bank focused on emerging markets, notched up a record first half profit for the tenth successive year and worried that the performance might be seen as 'boring' in the current context of dramatic events in the banking sector.

Profit before tax for the six months to the end of June was up 9% to $3,636m from $3,139m the year before, in line with operating income, which improved to $9,511m from $8.764m in the first half of 2011.

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