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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

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


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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