Standard Chartered in good shape after another record year

Asia-focused banking colossus Standard Chartered notched up its ninth successive year of record income and profit in 2011 and reckons it is in good shape to face whatever 2012 throws at it.

Asia-focused banking colossus Standard Chartered notched up its ninth successive year of record income and profit in 2011 and reckons it is in good shape to face whatever 2012 throws at it.

Profit before tax was up 11% to $6,775m in 2011 from $6,122m in 2010. Operating income moved up by one-tenth to $17,637bn from $16,062m the year before; interest income rose to $16,584m from $13,500m the year before, while non-interest income slipped to $7,474m from $7,592m in 2010.

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