Standard Chartered PLC (along with its subsidiaries the "Group") will be holding discussions with analysts and investors ahead of its close period for the full year ending 31 December 2012. This statement details the information that will be covered in those discussions.
Peter Sands, Group Chief Executive, commented, "Standard Chartered is on course to deliver another strong set of full year results for 2012. We continue to focus on the basics of banking, on maintaining a very strong and conservatively positioned balance sheet, and on the disciplined execution of our strategy. We continue to see significant opportunities across our markets in Asia, Africa and the Middle East."
In the third quarter of 2012 a payment of US$340 million was made to the New York State Department of Financial Services ("NY DFS"). The Group remains in active and constructive discussions with the other US agencies on the resolution of the Group's historical US sanctions compliance. We anticipate that these discussions will conclude very shortly and are likely to result in the Group paying a sum of approximately US$330 million.
