MidEast a star performer for Standard Chartered

The Middle East and South Asia region came up trumps for Standard Chartered Bank in 2003.

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By  David Ingham Published  February 18, 2004

Standard Chartered’s Middle East and South Asia operation has been identified as a star performer for the bank last year. The region, which is run from the UAE, contributed over 20% of Standard Chartered’s 2003 pre-tax profit of US $1.542 billion. Group turnover was US $4.753 billion, of which the Middle East and South Asia delivered US $549 million. “The growth of the Middle East and South Asia business is a clear reflection of the commitment of our staff to our communities and our clients,” said David Edwards, regional general manager for Standard Chartered. “I am incredibly proud that the Bank in this region earned over 20% of the Group trading profit.”

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