Standard Chartered - Final Results Interviews W...

LONDON, March 3 /PRNewswire/ --     Standard Chartered, the international 
banking group, today reported
record results and noted that although Asia was slowing, Asian economies were
not facing an economic crisis like the West.



    In a video interview Peter Sands, Group Chief Executive, Standard
Chartered Bank, said:



    "What you're seeing is a very sharp, cyclical slowdown, as a result of
collapsing demand in the West. But Asia doesn't face the same sort of
structural de-leveraging that Western economies are going through."



    The emerging markets Bank also reported that it had a strong capital
position, balance sheet and good liquidity.



    Group Finance Director Richard Meddings confirmed that Standard Chartered
would not be looking for any government bailouts.



    "We're eligible to join those schemes but we certainly have no current
intention of doing so."



He added: "the bank is in good shape, strongly liquid, well capitalised."

    The interviews and transcripts are available now on
http://w3.cantos.com/standard_chartered.



    It's free to view. All you need to do is register at 
http://www.cantos.com. Cantos.com, the online financial broadcaster, 
features in-depth interviews, documentaries and webcasts with senior 
company executives. If you would like to contact us, please email 
[e-mail] or phone [phone].