Standard Chartered earnings grow by 18% in Q1 2021

Standard Chartered posted an 18%, more than expected, increase in first-quarter earnings before tax, as the emerging market-focused bank began recovering from the economic damage from the coronavirus pandemic.

Profit before tax in the period from January to March was $1.4 billion, compared with $1.2 billion in the same period a year ago, and with the average analyst, forecast compiled by the Bank of England at $1.08 billion.