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Old January 6th, 2017, 10:24 AM
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Join Date: May 2011
Default Re: Standard Chartered NPL

Non-performing loans of Standard Chartered in the firm’s ongoing business climbed $425 million in the quarter, primarily related to commodities.

The non-performing loan ratio increased to 4.9 percent from 4.8 percent in the fourth quarter, Winters

The Group’s cover ratio has remained stable at 53 per cent excluding collateral and at 67 per cent including collateral.

The cover ratio in the ongoing portfolio was 61 per cent excluding collateral and 71 per cent including collateral.

Corporate Finance income of $446 million in the first quarter was down 20 per cent on the same period last year and down 11 per cent on the fourth quarter.

Wealth Management income of $364 million was down 20 per cent year-on-year and down 4 per cent quarter-on-quarter.

Asset quality -

3 months ended 31.03.16 Year ended 31.12.15
Ongoing Liquidation Total Ongoing Liquidation Total
Business Portfolio business Portfolio
Impairment $million $million $million $million $million $million
Impairment losses on loans and advances
471 - 471 2,381 1,627 4,008

Restructuring impairment charge
- 107 107 - 968 968

Total impairment losses on loans and advances
471 107 578 2,381 2,595 4,976
Loans and advances
Gross loans and advances to customers
257,030 7,515 264,545 260,143 7,940 268,083

Net loans and advances to customers
253,657 4,106 257,763 257,007 4,396 261,403

Credit quality
Gross non performing loans
5,672 7,306 12,978 5,247 7,512 12,759

Individual impairment provisions
-2,827 -3,409 -6,236 -2,584 - 3,544 -6,128

Net non performing loans*
2,845 3,897 6,742 2,663 3,968 6,631

Cover ratio**
61% 47% 53% 62% 47% 53%

Cover ratio (after collateral)*
71% 64% 67% 71% 64% 67%

Risk-weighted assets (in $billion)
276 19 295 283 20 303

For further information, please contact:

James Hopkinson
Head of Investor Relations
Standard Chartered Bank
+44 (0)20 7885 7151
james.hopkinson@sc.com

Sarah Lindgreen
Head of Media Relations
Standard Chartered Bank
+44 (0)20 7885 8764
sarah.lingreen@sc.com
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