Standard Chartered Bank has raised its income forecast for 2024 after securing a profit in the third quarter, surpassing previous expectations, bolstered by record performance in wealth management.
Bank representatives stated: "We are pleased with our results in the third quarter, which reflect strong business performance and a favorable economic environment."
Standard Chartered collectively predicts increased income due to active balance sheet management, strengthened credit portfolio, and increased demand for financial products.
However, the bank also warns of potential risks and uncertainties, including market volatility and geopolitical factors that could impact financial results in the future.
