StanChart Reports 21.6 Per Cent Rise In FX Gains For 1993 As Exotics Grow
BANKS
Standard Chartered Bank reports 1993 foreign exchange dealing earnings of £163 million, up 21.6 per cent from 1992 FX gains of £134 million. Overall dealing income and FX translation gains/losses for the bank totalled £247 million, a 55.3 per cent rise over the 1992 figure of £159 million, according to last week's results statement.
This is the first time StanChart has broken out a separate figure for foreign exchange earnings - the bank did not do so in 1992 or in its 1993 interim report in
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