Standard Chartered Bank Korea posted a 93.8 billion won net profit in the first quarter, up 23.4 percent from last year due to substantial revenue.
The lender's rise in assets and higher fee income induced a marked upturn on revenue.
Also contributing were efforts to trim costs and boost productivity.
Return on equity is at 8.32 percent in the first quarter, up 1.64 percentage points from a year earlier, while the capital adequacy ratio reached 15.41 percent.
Meanwhile, the ratio of nonperforming loans reached 0.40 percent as of the end of March, with its loan delinquency rate coming to 0.22 percent.


Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets
Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans
BlueScope Steel Shares Drop After Rejecting Revised A$15 Billion Takeover Bid
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 



