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Impairments triple at StanChart

The emerging markets-focused bank benefited from a rise in markets gains during the first half, but impairments tripled
Impairments triple at StanChart

Despite incurring $1.6bn (£1.25bn) in loan loss provisions during the first half, Standard Chartered’s (STAN) underlying pre-tax profits came in substantially ahead of consensus expectations. Income from the financial markets business jumped by a fifth, offsetting the impact of a decline in interest rates globally.

IC TIP: Hold at 404p

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