Standard Chartered net profit flat in 2012 | Bangkok Post: news

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Standard Chartered net profit flat in 2012

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Standard Chartered on Tuesday said its net profit was flat in 2012, even after the British lender was hit by a huge fine for violating US sanctions on Iran and three other countries. 

The tower of the Standard Chartered bank (background, C) is seen in Hong Kong, on March 5, 2013. The bank on Tuesday posted net profit of $4.79 billion for 2012 after the British lender was hit with a multi-million-dollar fine over a US sanctions probe.

Net profit came in at US$4.79 billion, compared to $4.75 billion in 2011, the London-based, Asia-focused lender said in a filing to the Hong Kong stock exchange. Pre-tax profit rose one percent to $6.9 billion.

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