Standard Chartered, like most of its peers, is emerging from the pandemic with both strength and considerable relief. Third-quarter numbers, reported in November, showed pre-tax profit more than doubling year on year, driven by lower credit impairment charges.
“The single most encouraging thing has been the level of underlying client demand in the regions in which we are operating,” Andy Halford, CFO, tells Euromoney. “It is patchy: there have been points when some countries, most notably India four or five months ago, were having a very difficult time with Covid.
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