Interim Results - Part 2

Standard Chartered PLC
1 August 2001

Part 2

STANDARD CHARTERED PLC
NOTES

1.   Segmental information
     By geographic segment
                                                     6 months ended 30.06.01
                                                 Asia Pacific               
                                        Hong            Other               
                                        Kong        countries         Africa
                                          $m               $m             $m
                                                                            
    Interest receivable                1,280            1,081            168
    Interest payable                   (747)            (684)           (70)
    Net interest income                  533              397             98
    Fees and commissions                                                    
    receivable, net                      142              136             40
                                                                            
    Dealing profits and                                                     
    exchange                              26               79             37
                                                                            
    Other operating income                 2                3              2
    Net revenue                          703              615            177
                                                                            
    Costs                              (330)            (360)          (110)
    Amortisation of goodwill                                                
    Total operating expenses           (330)            (360)          (110)
                                                                            
    Profit before provisions             373              255             67
    Charge for debts and               (102)            (105)            (3)
    contingent liabilities
    Profit before taxation               271              150             64
                                                                            
    Loans and advances to             21,147           15,028          1,078
    customers  -  average
                                                                            
    Net interest margin (%)              3.0              2.4            8.1

                                                     6 months ended 30.06.01
                                                     Americas               
                                                         UK &               
                                       Middle           Group               
                                       East &            Head               
                                       S Asia          Office          Total
                                           $m              $m             $m
                                                                            
    Interest receivable                   664           1,377          4,570
    Interest payable                    (433)         (1,208)        (3,142)
    Net interest income                   231             169          1,428
    Fees and commissions                                                    
    receivable, net                        88              71            477
                                                                            
    Dealing profits and                                                     
    exchange                               50              57            249
                                                                            
    Other operating income                 13              13             33
    Net revenue                           382             310          2,187
                                                                            
    Costs                               (205)           (194)        (1,199)
    Amortisation of goodwill                             (68)           (68)
    Total operating expenses            (205)           (262)        (1,267)
                                                                            
    Profit before provisions              177              48            920
    Charge for debts and                 (22)            (37)          (269)
    contingent liabilities
    Profit before taxation                155              11            651
                                                                            
    Loans and advances to               6,069           9,080         52,402
    customers  -  average
                                                                            
    Net interest margin (%)               3.9             1.2            3.0


(a)  Total  interest receivable and total interest payable include intra-group
     interest of $1,170 million.

(b)  Group  central  expenses  have  been  distributed  between  segments   in
     proportion to their direct costs and the benefit of the Group's capital  
     has been distributed between segments in proportion to their risk        
     weighted assets.

(c)  Business  acquisitions  have been made as part  of  the  Group's  growth
     strategy.  These activities are a result of corporate decisions made at  
     the centre and the amortisation of purchased goodwill is included in the 
     Americas, UK & Group Head Office segment.


1.   Segmental information
     By geographic segment (continued)
                                                                    30.06.01
                                                  Asia Pacific              
                                         Hong            Other              
                                         Kong        countries        Africa
                                           $m               $m            $m
                                                                            
    Residential mortgages              12,284            5,498            17
    Other retail                        3,088            1,675           145
    Other                               6,240            7,924           811
    Loans and advances to              21,612           15,097           973
    customers
                                                                            
    Loans and advances to banks         4,082            8,559           225
                                                                            
    Total assets employed              40,234           36,883         3,149
                                                                            
    Total risk weighted assets                                              
    and contingents                    20,565           19,669         1,443
                                                                            
    Gross non-performing loans                                              
    and advances                          515            1,719           110
                                                                            
    Specific provisions for bad                                             
    and doubtful debts                  (149)            (394)          (45)
                                                                            
    Interest in suspense                 (56)            (102)          (31)
                                          310            1,223            34

                                                                    30.06.01
                                                     Americas               
                                                         UK &               
                                        Middle          Group               
                                        East &           Head               
                                        S Asia         Office          Total
                                            $m             $m             $m
                                                                            
    Residential mortgages                  160            446         18,405
    Other retail                         1,836            123          6,867
    Other                                3,900          8,780         27,655
    Loans and advances to                5,896          9,349         52,927
    customers
                                                                            
    Loans and advances to                1,710         12,391         26,967
    banks
                                                                            
    Total assets employed               15,179         40,449        135,894
                                                                            
    Total risk weighted assets                                              
    and contingents                      9,220         18,353         69,250
                                                                            
    Gross non-performing loans                                              
    and advances                           520            375          3,239
                                                                            
    Specific provisions for                                                 
    bad and doubtful debts               (287)          (148)        (1,023)
                                                                            
    Interest in suspense                  (79)           (17)          (285)
                                           154            210          1,931


(d)  Total  assets employed include intra-group items of $23,132  million  and
     balances of $3,081 million which are netted in the Summarised            
     Consolidated Balance Sheet.  Total risk weighted assets and contingents  
     include balances of $739 million which are netted in note 17 on Capital  
     ratios.

(e)  Assets  held  at  the  centre  have been distributed  between  geographic
     segments in proportion to their total assets employed.


1.   Segmental information
     By geographic segment (continued)
                                                     6 months ended 30.06.00
                                                   Asia Pacific             
                                          Hong            Other             
                                          Kong        countries       Africa
                                            $m               $m           $m
                                                                            
    Interest receivable                  1,149            1,024          220
    Interest payable                     (719)            (640)        (113)
    Net interest income                    430              384          107
    Fees and commissions                                                    
    receivable, net                        110              146           55
                                                                            
    Dealing profits and exchange            24               63           21
                                                                            
    Other operating income                   2                8            2
    Net revenue                            566              601          185
                                                                            
    Costs                                (260)            (370)        (108)
    Amortisation of goodwill                                                
    Year 2000 costs                                                         
    Total operating expenses             (260)            (370)        (108)
                                                                            
    Profit before provisions               306              231           77
                                                                            
    Charge for debts                      (52)             (69)         (38)
    Profit before taxation                 254              162           39
                                                                            
    Loans and advances to                                                   
    customers  -  average               17,191           15,708        1,122
                                                                            
    Net interest margin (%)                2.9              2.6          8.7

                                                     6 months ended 30.06.00
                                                      Americas              
                                                          UK &              
                                         Middle          Group              
                                         East &           Head              
                                         S Asia         Office         Total
                                             $m             $m            $m
                                                                            
    Interest receivable                     388          1,480         4,261
    Interest payable                      (253)        (1,200)       (2,925)
    Net interest income                     135            280         1,336
    Fees and commissions                                                    
    receivable, net                          52             48           411
                                                                            
    Dealing profits and exchange             24             48           180
                                                                            
    Other operating income                    4             25            41
    Net revenue                             215            401         1,968
                                                                            
    Costs                                  (99)          (272)       (1,109)
    Amortisation of goodwill                              (25)          (25)
    Year 2000 costs                                       (18)          (18)
    Total operating expenses               (99)          (315)       (1,152)
                                                                            
    Profit before provisions                116             86           816
                                                                            
    Charge for debts                       (23)           (75)         (257)
    Profit before taxation                   93             11           559
                                                                            
    Loans and advances to                                                   
    customers  -  average                 3,463         10,190        47,674
                                                                            
    Net interest margin (%)                 3.9            2.0           3.3


(f)  Total  interest receivable and total interest payable include intra-group
     interest of $1,058 million.

(g)  The  restructuring  programme and the resolution  of  Year  2000  related
     technology issues have been managed from the centre as global projects   
     and all expenses are included in the Americas, UK & Group Head Office    
     segment.

(h)  See notes (b) and (c) on page 18.


1.   Segmental information
     By geographic segment (continued)
                                                               30.06.00
                                                 Asia Pacific               
                                          Hong          Other               
                                          Kong      countries         Africa
                                            $m             $m             $m
                                                                            
    Residential mortgages               10,852          4,536             18
    Other retail                         1,569          1,688            132
    Other                                5,369          9,460            831
    Loans and advances to               17,790         15,684            981
    customers
                                                                            
    Loans and advances to banks          4,182          6,003            148
                                                                            
    Total assets employed               33,495         34,323          2,780
                                                                            
    Total risk weighted assets          15,884         19,397          1,232
    and contingents
                                                                            
    Gross non-performing loans                                              
    and advances                           811          2,214             83
                                                                            
    Specific provisions for bad                                             
    and doubtful debts                   (309)          (640)           (42)
                                                                            
    Interest in suspense                 (101)          (154)           (24)
                                           401          1,420             17

                                                                    30.06.00
                                                      Americas              
                                                          UK &              
                                         Middle          Group              
                                         East &           Head              
                                         S Asia         Office         Total
                                             $m             $m            $m
                                                                            
    Residential mortgages                    41            327        15,774
    Other retail                            816            116         4,321
    Other                                 2,704          9,654        28,018
    Loans and advances to                 3,561         10,097        48,113
    customers
                                                                            
    Loans and advances to banks           1,005          8,748        20,086
                                                                            
    Total assets employed                 7,690         33,072       111,360
                                                                            
    Total risk weighted assets            4,827         18,402        59,742
    and contingents
                                                                            
    Gross non-performing loans                                              
    and advances                            230            571         3,909
                                                                            
    Specific provisions for bad                                             
    and doubtful debts                    (144)          (209)       (1,344)
                                                                            
    Interest in suspense                   (38)           (26)         (343)
                                             48            336         2,222


(i)  Total  assets employed include intra-group items of $19,169  million  and
     balances of $1,753 million which are netted in the Summarised            
     Consolidated Balance Sheet.  Total risk weighted assets and contingents  
     include balances of $510 million which are netted in note 17 on Capital  
     ratios.

(j)  Assets  held  at  the  centre  have been distributed  between  geographic
     segments in proportion to their total assets employed.


1.   Segmental information
     By geographic segment (continued)
                                                     6 months ended 31.12.00
                                                   Asia Pacific             
                                          Hong            Other             
                                          Kong        countries       Africa
                                            $m               $m           $m
                                                                            
    Interest receivable                  1,352            1,120          188
    Interest payable                     (876)            (714)         (90)
    Net interest income                    476              406           98
    Fees and commissions                                                    
    receivable, net                        133              144           49
                                                                            
    Dealing profits and exchange            20               63           34
                                                                            
    Other operating income                   1                2            2
    Net revenue                            630              615          183
                                                                            
    Costs                                (293)            (370)        (104)
    Amortisation of goodwill                                                
    Restructuring charge                                                    
    Year 2000 costs                                                         
    Total operating expenses             (293)            (370)        (104)
                                                                            
    Profit before provisions               337              245           79
                                                                            
    Charge for debts and                                                    
    contingent liabilities                (74)             (36)         (12)
    Operating profit                       263              209           67
    Disposal of subsidiaries                 -                -            -
    Profit before taxation                 263              209           67
                                                                            
    Loans and advances to                                                   
    customers  -  average               19,123           15,116        1,046
                                                                            
    Net interest margin (%)                2.9              2.6          8.4

                                                     6 months ended 31.12.00
                                                      Americas              
                                                          UK &              
                                         Middle          Group              
                                         East &           Head              
                                         S Asia         Office         Total
                                             $m             $m            $m
                                                                            
    Interest receivable                     613          1,489         4,762
    Interest payable                      (416)        (1,293)       (3,389)
    Net interest income                     197            196         1,373
    Fees and commissions                                                    
    receivable, net                          74             77           477
                                                                            
    Dealing profits and exchange             35             45           197
                                                                            
    Other operating income                   55             15            75
    Net revenue                             361            333         2,122
                                                                            
    Costs                                 (188)          (233)       (1,188)
    Amortisation of goodwill                              (46)          (46)
    Restructuring charge                                 (323)         (323)
    Year 2000 costs                                        (5)           (5)
    Total operating expenses              (188)          (607)       (1,562)
                                                                            
    Profit before provisions                173          (274)           560
                                                                            
    Charge for debts and                                                    
    contingent liabilities                 (36)           (55)         (213)
    Operating profit                        137          (329)           347
    Disposal of subsidiaries                  -            532           532
    Profit before taxation                  137            203           879
                                                                            
    Loans and advances to                                                   
    customers  -  average                 5,163          8,606        49,054
                                                                            
    Net interest margin (%)                 3.7            1.2           3.0


(k)  Total  interest receivable and total interest payable include intra-group
     interest of $1,060 million.

(l)  The  restructuring  programme and the resolution  of  Year  2000  related
     technology issues have been managed from the centre as global projects   
     and all expenses are included in the Americas, UK & Group Head Office    
     segment.

(m)  See notes (b) and (c) on page 18.


1.   Segmental information
     By geographic segment (continued)
                                                                    31.12.00
                                                   Asia Pacific             
                                            Hong          Other             
                                            Kong      countries       Africa
                                              $m             $m           $m
                                                                            
    Residential mortgages                 12,088          5,017           18
    Other retail                           2,942          1,758          128
    Other                                  5,585          8,876          925
    Loans and advances to customers       20,615         15,651        1,071
                                                                            
    Loans and advances to banks            2,122          6,893          198
                                                                            
    Total assets employed                 38,290         34,004        2,863
                                                                            
    Total risk weighted assets and        17,958         19,231        1,302
    contingents
                                                                            
    Gross non-performing loans and                                          
    advances                                 649          1,789          110
                                                                            
    Specific provisions for bad and                                         
    doubtful debts                         (227)          (453)         (52)
                                                                            
    Interest in suspense                    (91)          (122)         (33)
                                             331          1,214           25

                                                                    31.12.00
                                                       Americas             
                                                           UK &             
                                           Middle         Group             
                                           East &          Head             
                                           S Asia        Office        Total
                                               $m            $m           $m
                                                                            
    Residential mortgages                     148           448       17,719
    Other retail                            1,598           121        6,547
    Other                                   4,276         7,954       27,616
    Loans and advances to                   6,022         8,523       51,882
    customers
                                                                            
    Loans and advances to banks             1,701        12,845       23,759
                                                                            
    Total assets employed                  13,768        37,761      126,686
                                                                            
    Total risk weighted assets and          9,088        17,451       65,030
    contingents
                                                                            
    Gross non-performing loans and                                          
    advances                                  464           341        3,353
                                                                            
    Specific provisions for bad                                             
    and doubtful debts                      (262)         (152)      (1,146)
                                                                            
    Interest in suspense                     (62)          (14)        (322)
                                              140           175        1,885


(n)  Total  assets employed include intra-group items of $21,790  million  and
     balances of $2,616 million which are netted in the Summarised            
     Consolidated Balance Sheet.  Total risk weighted assets and contingents  
     include balances of $564 million which are netted in note 17 on Capital  
     ratios.

(o)  Assets  held  at  the  centre  have been distributed  between  geographic
     segments in proportion to their total assets employed.


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