StanChart restores dividend as Covid halves 2020 profit
Updated / Thursday, 25 Feb 2021 08:30 StanChart posted a 57% fall in annual profit for 2020 on higher credit impairments due to the Covid-19 pandemic Standard Chartered has restored its dividend and reaffirmed its long-term profit goals, in a show of confidence about its ability to recover from the impact of the Covid-19 pandemic even as its annual profit more than halved. The Asia, Africa and Middle East-focused bank however cautioned that income in 2021 is likely to be similar to last year. This indicates the challenge it faces to meet its modest profit goals in a world of rock-bottom ...