Bloomberg News

Standard Chartered Says Lending Grew by 75% Between 2007 to 2011

December 14, 2011

Dec. 14 (Bloomberg) -- Standard Chartered Plc’s Chief Executive Officer Peter Sands said the bank increased lending by 75 percent between the middle of 2007 and 2011 and grew profits by 80 percent during the same period.

He was speaking before a House of Commons committee today.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Jon Menon at jmenon1@bloomberg.net


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