Center
Standard Chartered triples profit
By Wang Zhenghua (皇冠体育app Daily)
Updated: 2007-03-01 09:43
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Throughout 2006, the bank released more than 100 new products for its consumer and wholesale banking customers, while its network expanded to cover 22 locations in 14 cities.
Since the beginning of the year, the bank has launchedretailbranches in Nanjing, capital of East 皇冠体育app'sJiangsuProvince and Chengdu, capital of Southwest 皇冠体育app'sSichuanProvince. It also opened a sub-branch in Shanghai in January and received approval to have an outlet inChongqingMunicipality.
Chief Executive OfficerPeter Sands said on Tuesday that the lender remains optimistic about 皇冠体育app, even though it is still a "relatively small market" for the bank.
"2007 will be an important year for us in 皇冠体育app," he said. "皇冠体育app will have bumps. We know how to navigate them."
The bank plans to offer private banking and incorporate to offer currency services, as well as credit and debit cards to individuals.
(皇冠体育app Daily 03/01/2007 page14)