Standard Chartered PLC (LON:STAN) has noted the publication today by the Bank of England of the results of its 2022 stress test exercise. The results showed that, under the Bank of England’s hypothetical scenario, the Group exceeded all hurdle rates. The Group has a diverse and liquid balance sheet and these results demonstrate the Group’s continued capital strength and resilience to stress.
The results of the Bank of England’s 2022 stress test are available to view in full on their website at: https://www.bankofengland.co.uk/stress-testing/2023/bank-of-england-stress-testing-results
Standard Chartered is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
