Standard Chartered further announced an additional share buy-back programme together with the resumption of the interim dividend payment.
In Africa and the Middle East region, Standard Chartered Bank has recorded its highest half-yearly operating profit over the last five years.
“I’m extremely proud of our best ever first-half performance in over five years! This is the result of all the hard work the team has put in over the years and the execution of some tough decisions we made to drive efficiencies and reduce risk. This has happened during a period when the backdrop while improving remains uncertain and challenging and is a true testament to the resilience of our underlying business. We have remained focused on clients and people and have made very good progress on our priorities.
We are excited about the recent expansion of our network into the Kingdom of Saudi Arabia. We will leverage our presence in the Kingdom to promote trade, investment, and capital flows in support of the Saudi Vision 2030.
The digital banking platforms we have launched across nine key African Markets – Cote d’Ivoire, Uganda, Tanzania, Ghana, Kenya, Botswana, Zambia, Zimbabwe, and Nigeria – have transformed the way we do business and connect with our clients. The pandemic, rather than becoming a stumbling block, has accelerated our growth by increasing our customer base by over half a million, which is 50% higher than our legacy base.
As we move forward, the region is focused on executing swiftly against the strategy to drive growth and we are determined to support our clients achieve prosperity whilst being the most responsible and sustainable bank.”
Standard Chartered Bank’s Africa, Middle East Region has received the following awards for the year 2021 which further cements the progress and leadership the Bank is establishing in this region.
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