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StanChart Singapore's operating profit up 14% at US$416m

Improvement due largely to a 60% drop in loan impairment and restructuring efforts
Saturday, February 25, 2017 - 05:50

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StanChart continues to embed digital and innovation into its operations, with an increase in investments in technology by 33 per cent.

Singapore

STANDARD Chartered Singapore on Friday reported a 14 per cent rise in underlying operating profit to US$416 million for the financial year ended Dec 31, 2016, amid lower loan impairments and a focus on restructuring for efficiencies.

Total loan impairment fell 60 per cent

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