An Old Asia Hand Has a New Reach

Bahree, Megha
April 2009
Forbes Asia;4/27/2009, Vol. 5 Issue 7, p40
The article presents information on the financial performance of Great Britain-based Standard Chartered Bank in Asia. Standard Chartered has reported a 9% increase in 2008 gross revenues to $23 billion and a 20% increase in net profit to $3.4 billion and its dividend was increased in December 2009. It reports that Standard Chartered has not been affected by the recession as the Asian financial crisis of the late 1990s had already forced it to retrench and rebuild its capital base.


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