Friday, August 7, 2009

Standard chartered focus on Asia when economic recovery

Bank LogoA British bank headquartered in London Standard Chartered raised $1.6 billion (£1 billion) with a placement late on Tuesday night. Profits totalled $2.838bn (£1.7bn) in the first six months of the year, compared with $2.586bn of a profits year earlier. Standard chartered bank make more focused on Asia and lunched “Taiwan Desk service in Vietnam The opening of the desk is supported by the growing trade between Vietnam and Taiwan because half of the bank’s clients in Taiwan have been doing business and invest in Vietnam.

The board firmly believes that the economic downturn will be shorter and less pronounced in these markets, which it expects to return to growth far quicker than more developed markets.


Standard chartered is good stand out Bank to have benefit from an economic recovery in Asia.

ASI report

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