Standard Chartered PLC today announced a record first half operating profit before tax of $3.12 billion, demonstrating the ability of the business to deliver consistent and sustained performance. The Bank has continued to improve its capital and liquidity ratios, and delivered ten per cent growth in both earnings per share and dividend per share.

The Bank maintained strong income momentum, with eight per cent growth in Consumer Banking and 18 per cent in Wholesale Banking client income. Group income was broadly flat overall against the first half of 2009, which benefited from exceptional Wholesale Banking own account income and a one-off gain of $248 million related to the buy-back of debt. Group income climbed ten per cent against the second half of 2009.

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