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Bank: Standard Chartered announces an increase in its return to shareholders

27/02/2024
Source : ORISHAS FINANCE
Categories: Sectors

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The British bank has announced an increase in its return to shareholders, and is however revising its outlook downwards.

Standard Chartered reported a better-than-expected pre-tax profit, up 19%, to $5.09 billion (4.7 billion euros), and an increase in its return to shareholders. The group is completing the sequence of publishing the results of British banks on a high note. Sandard Chartered has revised its forecasts for the current fiscal year downwards, saying it expects its revenues to increase in the upper range of 5 to 7% in 2024, which is lower than the previous estimate of 8 to 10% given in October last year. The group recorded revenue growth of 13% in 2023 at

devises constant levels.
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