AMERICAS AND UNITED KINGDOM

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                    [ArticleID] => 261614
                    [Title] => Standard Chartered Bank earnings balloon
                    [Summary] => Foreign bank Standard Chartered Bank of the Philippines (SCBP) is looking at a double-digit growth rate in terms of net earnings for 2004. That means a minimum 10-percent growth rate would result in a profit figure of $17.16 million.


In 2003, it registered profits after tax of $15.6 million after a meager $1.8 million the year before.


However, bank sources said that the oldest foreign bank in the Philippines was actually looking at a 50-percent growth rate for the entire 2004 to almost $47 million.


                    [DatePublished] => 2004-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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Standard Chartered Bank earnings balloon

August 17, 2004 - 12:00am

Foreign bank Standard Chartered Bank of the Philippines (SCBP) is looking at a double-digit growth rate in terms of net earnings for 2004. That means a minimum 10-percent growth rate would result in a profit figure...

Banking