StanChart's private banking grows 12%

Pedro Gonçalves
clock • 1 min read

Standard Chartered posted a substantial rise in pre-tax profit for 2019, with its private banking business registering a 12% increase. At the bank's private banking division, income grew 12% year-on-year to US$577 million, registering a third consecutive year of top line growth. "2019 has been a turnaround year for the Private Bank - our multi-year transformation has delivered a strong financial performance, and we are the fastest growing segment globally," said Didier von Daeniken, global head of private banking and wealth management. "What has been especially encouraging is that...

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