London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters
London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters

Standard Chartered increases bad loan reserves to nearly US$1 billion, beats analysts’ estimates

  • Standard Chartered increased its reserves for bad loans, impairments to US$956 million in the first quarter as coronavirus pandemic hit results
  • Pandemic weighed heavily on the economy of Hong Kong, its biggest market

Topic |   Standard Chartered Bank
London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters
London-based Standard Chartered generates much of its revenue in Asia. Photo: Reuters
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