Standard Chartered started 2009 successfully

On Tuesday in Hong Kong Peter Sands, CEO of Standard Chartered, reported that the bank has enjoyed a 'strong' first two months of 2009. He also said that the bank will concentrate on the organic growth for the rest of this year.

Financial shares have rallied over the past 10 days first from American banks Citigroup and Bank of America, and then from Barclays suggest that trading for banks has at least stabilized in the first quarter of this year. 

Standard Chartered succeeded better than most of the banks under the terms of the global economic recession, making the majority of its profits in Asia. The shares have dropped less than 5pc so far this year compared with a competitors’ shrunk, including Royal Bank of Scotland and Lloyds Banking Group. Standard Chartered shares had a little change at £8.51 in trading in Asia. The bank raised £1.8 billion in December to help uphold its capital position as the recession has already reached Asia