Standard Chartered PLC (OTCPK:SCBFF)
$ 11.946 -0.299 (-2.44%) Market Cap: 30.12 Bil Enterprise Value: 41.12 Bil PE Ratio: 8.31 PB Ratio: 0.60 GF Score: 64/100

Half Year 2021 Standard Chartered PLC Earnings Call Transcript

Aug 03, 2021 / 07:00AM GMT
Release Date Price: $6.04
Operator

Welcome to Standard Chartered PLC Half Year 2021 Results. Today's presentation is being hosted by Bill Winters, Group Chief Executive; and Andy Halford, Group Chief Financial Officer. (Operator Instructions) At this point, I'd like to hand over to Bill to begin.

William Thomas Winters
Standard Chartered PLC - Group Chief Executive & Director

Good morning, good afternoon, everybody. Thanks very much for joining our half year results. I am sitting here in Hong Kong. Andy is in London. I will say a couple of things upfront. Andy will go through a lot of the details on the half year report. I'll come back for a few thematic comments, and we'll try to save plenty of time for question and answers.

Long story short, we think it was a very good, strong first half of the year. Clearly, the profits are up significantly on the back of the much improved loan impairment story. The -- this we think is fundamentally attributable to the high quality of our credit portfolio. The numbers are not (inaudible) by big reversals of provisions but rather by low

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