UK-listed Standard Chartered said today its wealth management and deposits operating income in the six months to 30 June stood at $1.106 billion, compared with $1.1 billion a year before.

The banking group earns the bulk of its revenue outside the UK, in regions such as Asia and Africa. Its consumer banking division, in which the private bank is based, logged an operating profit of $643 million in the six months to 30 June, versus $348 million a year before.

For the group as a whole, StanChart reported a pre-tax profit of $3.116 billion, a rise of 10 per cent year-on-year. Profit attributable to ordinary shareholders rose 11 per cent to $2.098 billion.

The bank had a Core Tier 1 capital ratio of 9.0 per cent at the end of June, compared with 7.6 per cent a year before.

The Standard Chartered Private Bank said it logged growth in assets under management of 27 per cent in Asia and 12 per cent globally and added over 2,500 new clients, but gave few other hard details.

“Our strong performance shows that the Private Bank is poised for the next level of growth. As part of the wider Standard Chartered Group, we have the advantage of the Bank’s capital strength, an international network over 70 markets with a focus on Asia, Africa and the Middle East, and a strong, long-standing local presence in the emerging markets. We can deepen and extend the Bank’s existing client relationships while winning new clients from outside the Bank. This gives us a good platform to provide new solutions to clients in and for growth markets," said Shayne Nelson, chief executive of the the private bank, said.