Standard Chartered PLC (STANCHART) has reviewed and released the second part of its half-yearly and second-quarter financial report up to June 30, 2024. The report includes an overview of credit risk, impairment models, financial instrument stages, credit quality analysis, risk exposure, and credit impairment costs. The capital review covers capital ratios, total capital variation, risk-weighted assets, leverage ratios, and minimum requirements for own funds and eligible liabilities (MREL). The financial statements section provides detailed balance sheets, income statements, statements of changes in equity, cash flow statements, and notes. Other supplementary information includes reviewed terminology and definitions for risk and capital disclosure. The director's responsibility statement confirms that the interim financial statements have been prepared in accordance with applicable...Show More

Standard Chartered PLC (STANCHART) has reviewed and released the second part of its half-yearly and second-quarter financial report up to June 30, 2024. The report includes an overview of credit risk, impairment models, financial instrument stages, credit quality analysis, risk exposure, and credit impairment costs. The capital review covers capital ratios, total capital variation, risk-weighted assets, leverage ratios, and minimum requirements for own funds and eligible liabilities (MREL). The financial statements section provides detailed balance sheets, income statements, statements of changes in equity, cash flow statements, and notes. Other supplementary information includes reviewed terminology and definitions for risk and capital disclosure. The director's responsibility statement confirms that the interim financial statements have been prepared in accordance with applicable standards and contain no material misstatements. The independent review report, issued by Ernst & Young LLP, concludes that the interim financial statements reflect the company's position accurately and fairly. The summarized interim income statement shows a profit of 2,369 million for the period ending on June 30, 2024. The summarized interim comprehensive income statement shows total comprehensive income of 1,455 million for the same period. The summarized interim balance sheet shows total assets of 835,427 million and total liabilities of 784,100 million as of June 30, 2024. The summarized interim statement of changes in equity shows total equity of 51,327 million as of the same date. The summarized interim cash flow statement provides detailed cash flows for the period. The financial statements notes include significant accounting policies, business segment information, and other necessary disclosures.