HKG:2888 Standard Chartered PLC
HKG:2888 Standard Chartered PLC
Standard Chartered PLC (HKG:2888) reported robust financial performance for 2024, with several key highlights:
Profit Growth: The bank achieved a pre-tax profit of $6 billion, an 18% increase from $5.1 billion in the previous year.
Income Achievement: Total income reached a record $19.7 billion, driven by strong performances in Wealth Solutions (up 29%) and double-digit growth in Global Markets and Global Banking.
Shareholder Returns: A new $1.5 billion share buyback was announced, along with a final dividend of 28 cents per share, bringing total shareholder distributions since the 2023 full-year results to $4.9 billion.
Sustainable Finance: The bank generated $982 million in sustainable finance income, a 36% year-over-year increase, nearing its $1 billion annual target set for 2025.
These results underscore Standard Chartered’s strategic focus on high-growth markets and its commitment to integrating sustainability into its core operations.
