LONDON, February 29, 2012 /PRNewswire/ --
Standard Chartered CEO Peter Sands said the bank had demonstrated its strength by delivering double digit income and profit growth for the full-year 2011 but admitted higher capital requirements were making it difficult to hit his key RoE target.
"I think it's likely that we will still fall short in 2012 of our mid-teens aspiration," he said in a video interview.
Finance Director Richard Meddings was also positive about the banks performance and the impact of the continuing growth in key Asian markets. "We think Asian GDP will grow at 6.5% across the broader region. And we are very well positioned to benefit."
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SOURCE Standard Chartered PLC