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H1 2026: Standard chartered posts record $11.6bn income
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H1 2026: Standard chartered posts record $11.6bn income

Vanguard Nigeria about 1 hour 2 mins read
H1 2026: Standard chartered posts record $11.6bn income

Standard Chartered has announced a record financial performance for the first half of 2026, driven by strong growth in its Wealth Solutions and Global Banking businesses, while raising its income outlook for the full year.


The international bank reported a record operating income of USD11.6 billion, with profit before tax rising 9 per cent to USD4.8 billion. Earnings per share also increased 17 per cent, reflecting continued business momentum across its international markets.


Commenting on the results, Group Chief Executive, Bill Winters, said: “We delivered a record first-half performance in 2026, with double-digit growth in Wealth Solutions and Global Banking. Our performance demonstrates the strength of our differentiated international network and the disciplined execution of our strategy. Clients continue to turn to us to facilitate trade, investment and wealth flows across the world’s most dynamic markets.”


He added that the bank’s upgraded income guidance and a new USD1 billion share buyback programme reflect its confidence in the business and future growth.
Group Chief Financial Officer, Manus Costello, said the bank remains focused on delivering sustainable long-term growth. “We are continuing to invest in building a simpler, faster and more connected bank while remaining disciplined on costs and capital. These strengths give us confidence in our ability to deliver exceptional growth and sustainably higher returns.”


During the period, Standard Chartered maintained a strong balance sheet, with a Common Equity Tier 1, CET1, ratio of 14.2 per cent, while the Board approved an interim dividend of 20.4 cents per share, representing a 66 per cent increase from the previous year.


Following the strong first-half performance, the Group has upgraded its 2026 outlook and now expects operating income growth to be around the middle of its 5–7 per cent target range at constant currency.


The full financial results for the first half and second quarter ended 30 June 2026 are available in Standard Chartered’s Investor Relations section.

The post H1 2026: Standard chartered posts record $11.6bn income appeared first on Vanguard News.

This article was sourced from an external publication.

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