Hong Kong, May 2, 2025 – Standard Chartered PLC delivered a 10.5% year-on-year jump in Q1 2025 net profits to $1.46 billion, powered by stringent cost controls and Asia’s continued economic strength.
Financial Highlights:
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Revenue: $4.8 billion (+7.5% YoY)
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Operating Expenses: declined 3% to $2.9 billion, driven by AI implementation and automation efficiencies
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Asia Contribution: 65% of total profit ($950 million)
Segment Performance:
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Commercial Banking: $1.8 billion (+11% YoY)
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Retail Banking: $1.05 billion (-1% YoY)
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Markets Trading Income: $620 million (+5% YoY)
CEO’s Strategic Notes:
“Our Asia-focused strategy and strict cost discipline are producing steady growth,” said CEO Bill Winters. “While we’re mindful of global inflationary trends, we remain positive about emerging market prospects.”
Market & Analyst Response:
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Shares up 2.3% in London.
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Goldman Sachs: “Standard Chartered’s cost management is industry-leading.”
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Reuters: “The bank’s heavy reliance on Asia is a strength but also a risk if China stumbles further.”
