MADRID, 26 (EUROPEAN PRESS)
Standard Chartered Bank, which is based in the UK but with most of its business in Asia, posted a net profit of $1.078 million (the same figure in euros at current exchange rates) in the third quarter, which is a 41% increase compared to the same period a year earlier. , as reported by the company on Wednesday.
Revenue between July and September was $4.318 million, 15% more than a year earlier. From that figure, net interest income rose 11% to 1,933 million, while the remaining 2,385 million, up 17%.
The bank has indicated that it recorded operating expenses in the quarter of 2.659 million dollars, of which they were up 3%. In addition, it had to deal with a 227 million loan portfolio decline, more than double. Of this impact, 130 million came from its exposure to the commercial real estate sector in China, while another 96 million was due to credit rating downgrades in Pakistan and Ghana.
During the first nine months of 2022, the financial institution’s net profit was 3,166 million dollars, 17% more, while the turnover was 12,554 million, 10% more.
As of September 30, the bank posted a return on equity (RoE) of 10.1%, an increase of 3.8 percentage points from a year earlier. On the other hand, the CET1 capital ratio, the highest quality, is 13.7%, nine tenths lower than at the end of the third quarter of 2021.
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