Standard Chartered
Article Abstract:
Standard Chartered was affected by recession in Asia, but Asian markets are recovering. Credit Lyonnais and Teather and Greenwood rate the company's stocks an add, and Williams de Broe rates them a hold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Standard Chartered
Article Abstract:
Standard Chartered should benefit from the expansion of its Asian markets, though a US economic slowdown could create problems.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Standard Chartered
Article Abstract:
Standard Chartered has long-term links with the Far East, and was hit by the Asian financial crisis which has led to a rise in non-performing loans. The company reported an increase in provisions for 1st half 1999 of 27%, with Chinese loans figuring prominently. Provisions could increase by an additional 216 million pounds sterling in 2nd half 1999. The bank has performed better in the Middle East, India and Africa, and is able to prepare for the Asian recovery by expanding in that region.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Comment about this article or add new information about this topic: