Standard Chartered PLC Results for the year ended 31 December 2008 

Highlights 

Reported results 

• Operating income up 26 per cent to $13,968 million (2007: $11,067 million) 

• Operating profit* up 13 per cent to $4,568 million (2007: $4,035 million)  

• Profit before taxation up 19 per cent to $4,801 million (2007: $4,035 million) 

• Profit attributable to ordinary shareholders** up 17 per cent to $3,298 million (2007: $2,813 million) 

• Total assets up 32 per cent to $435 billion (2007: $330 billion***) 

Performance metrics 

• Normalised earnings per share up 1 per cent at 174.9 cents (2007: 173.0 cents ) 

• Normalised return on ordinary shareholders’ equity of 15.2 per cent (2007: 15.6 per cent) 

• Final dividend of 42.32 cents per share resulting in an annual dividend for 2008 of 61.62 cents per 

share  up 3.3 per cent from 59.65 cents per share  for 2007 

• Normalised cost income ratio of 56.1 per cent (2007: 56.0 per cent) 

• Advances-to-deposits ratio of 74.8 per cent (2007: 86.0 per cent) 

• Core Tier 1 capital (Basel II basis) ratio at 7.6 per cent (2007: 6.6 per cent) 

• Total capital ratio (Basel II basis) at 15.6 per cent (2007: 15.2 per cent)  

Significant achievements 

• Delivered strong performance, with well diversified income streams 

• Reinforced a liquid, well capitalised and diverse balance sheet 

• Continued to de-risk the asset book, positioning it well to deal with challenges arising from an 

uncertain environment 

• Further strengthened  the Group’s capital position through a successful rights issue 

• Largely completed the integration of American Express Bank  

Commenting on these results, the acting chairman of Standard Chartered PLC, John Peace, said: 

‘ To deliver record results in this exceptional environment is a great achievement.  The Group 

has focused on building balance sheet strength and on maintaining high levels of liquidity. We 

are on a firm footing for the challenges and opportunities that will come during 2009.’ 

* Operating profit represents profit before taxation excluding the gain of $233 million on the rights issue option (see note 7 on page 51). 

** Profit attributable to ordinary shareholders is after the deduction of dividends payable to the holders of those non-cumulative 

redeemable preference shares classified as equity (see note 9 on page 51). 

*** Amounts have been restated as explained in note 36 on page 71. 

 Results on a normalised basis reflect the results of Standard Chartered PLC and its subsidiaries (the ‘Group’) excluding items 

presented in note 10 on page 52. 

 Earnings per share has been restated for the impact of the rights issue as explained in note 10 on page 52. 

 Dividends per share has been restated for the impact of the rights issue as explained in note 9 on page 51. 

Standard Chartered PLC - Stock Code: 02888  

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