Reported results
- Profit before taxation of $3,948 million, up 9 per cent from $3,636 million in H1 2011 (H2 2011: $3,139 million)
- Profit attributable to ordinary shareholders of $2,806 million, up 12 per cent from $2,516 million in H1 2011 (H2 2011: $2,232 million)
- Operating income of $9,511 million, up 9 per cent from $8,764 million in H1 2011 (H2 2011: $8,873 million)
- Loans and advances to customers up 4 per cent to $279 billion from $269 billion in H2 2011 and customer deposits up 2 per cent to $360 billion from $352 billion in H2 2011
Performance metrics
- Interim dividend per share increased 10 per cent to 27.23 cents per share
- Normalised earnings per share up 11 per cent at 116.6 cents from 105.2 cents in H1 2011 (H2 2011: 92.8 cents)
- Normalised return on ordinary shareholders' equity of 13.8 per cent (H1 2011: 13.0 per cent, H2 2011: 11.3 per cent)
Capital and liquidity metrics
- Tangible net asset value per share increased 4 per cent to 1,413.7 cents (H1 2011: 1,354.6 cents, H2 2011: 1,355.6 cents)
- Core Tier 1 capital ratio at 11.6 per cent (H1 2011: 11.9 per cent, H2 2011: 11.8 per cent)
- Total capital ratio at 16.9 per cent (H1 2011: 17.9 per cent, H2 2011: 17.6 per cent)
- Advances-to-deposits ratio of 77.6 per cent (H1 2011: 78.1 per cent, H2 2011: 76.4 per cent)
- Liquid asset ratio of 27.9 per cent (H1 2011: 26.5 per cent, H2 2011: 27.5 per cent)
Significant highlights
- Record first half profit for the tenth successive year with consistent strategy delivering consistent performance.
- Strong broad-based and diverse performance spread across products and geographies.
- A highly liquid and a well diversified balance sheet with continued momentum and limited exposure to problem asset classes.
- The Group continues to be well capitalised to meet evolving regulatory requirements whilst leveraging the growth opportunities in our markets.
- Overall strength of the franchise and balance sheet acknowledged by virtue of being the only major international bank to be upgraded by all three ratings agencies since the onset of the financial crisis.
Commenting on these results, the Chairman of Standard Chartered PLC, Sir John Peace, said:
"Standard Chartered has performed strongly during the first six months of 2012. Set against a macro-economic environment that is increasingly challenged, we have continued to deliver consistent good returns. We have a firm grip on the business, with the ability to turn adversity to our advantage, and we will keep investing as we see long-term opportunities for growth. We continue to support our customers and clients, deepening our long-term relationships with them. We remain confident in our ability to grow our business and deliver sustained value for our shareholders."
