The rise in earnings comes amid a boost in fee and commission income, as well as forex income
[SINGAPORE] Standard Chartered (StanChart) Singapore’s net profit climbed 12.4 per cent year on year to S$961 million for the first six months of 2025, from S$854 million for H1 2024.
Fee and commission income fuelled the improved earnings, rising to S$752 million from S$555 million a year earlier. Forex income likewise grew, rising to S$1.2 billion from S$1 billion.
Globally, StanChart reported a pre-tax profit of US$4.4 billion, beating the US$3.8 billion average of 15 analyst forecasts compiled by the bank.
Its profit attributable to parent company shareholders rose 39 per cent to US$3.3 billion, from US$2.4 billion for H1 2024.
StanChart also announced a US$1.3 billion share buyback after strong performance in the wealth and markets segments helped grow its revenue.
StanChart Singapore holds S$191 billion worth of assets, S$178 billion worth of liabilities and S$12.6 billion worth of equity in total.
