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Standard Chartered 2012 income grows by 8% to $19.07bn

Standard Chartered has reported an income of $19.07bn for the year 2012, up by 8% from $17.63bn during the same period earlier year.

For the year ended on 31 December 2012, its profit before tax (PBT) rose by 1% to $6.87bn against $6.77bn during the comparable period last fiscal.

Wholesale banking income rose by 9% to $11.77bn, compared to $10.85bn, while PBT decreased by 2% to $5.13bn from $5.21bn during the same period in 2011.

Consumer banking operating income stood at $7.2bn, with an increase of 6% from $6.8bn, while PBT for the year was $1.78bn, up by 8% from $ 1.65bn during the corresponding period a year ago.

Standard Chartered chairman Sir John Peace said, "Normalised earnings per share increased 14 per cent and dividend per share was up 10.5 per cent, with return on equity at 12.8 per cent, as the Group continues to deliver long-term value for shareholders."

The bank operating in 26 markets delivered over $100m of income, while 25 markets witnessed income growth of at least 10%.

Managing more than 1,700 offices in 68 markets, and employing over 89,000 staff, the group provides an array of financial services to its customers across the globe.