Standard Chartered, the UK-listed banking group that earns a large chunk of earnings in Asia, said it delivered “resilient performance”, and expected to make low single-digit income gains this year, while it warned that falls in emerging market currencies such as the Indian rupee will affect results.

The interim statement for the third quarter contained no hard financial numbers.

“The resilience of the third quarter performance was underpinned by continued strong client activity despite a volatile market environment.  The quarter started well but slowed as usual in August.  The difficult market conditions that arose in August also had an impact on September,” Standard Chartered said in its statement.

“As in the first half [of 2013], consumer banking has continued to grow income at a mid single digit percentage for the year to date. In wholesale banking, client income also grew at a mid single digit rate for the year to date, with strong volumes offsetting a lower margin environment than 2012. The key pressures on year to date performance are the ongoing weakness in Own Account income and continued market uncertainty,” the firm said.

The bank said that since it published half-year results earlier in 2013, global markets have witnessed developments such as falls in several emerging market exchange rates, such as that of the Indian rupee and Indonesian rupiah.

“Based on current rates, the full-year impact would be some $200 million on income and around $70 million on profits,” it said.

“Against this backdrop, the group overall has grown income at a low single-digit rate year to date, with income in the quarter down by a low single-digit percentage compared with the third quarter of 2012,” it said.

“Our income performance remains broad based by geography, client segment and product. Hong Kong and Africa have delivered strong performances and continue to grow income and profit at double digit rates for the year to date.  These strong performances have offset weaker performances in Korea and Singapore where income in both markets declined by single digit percentages for the year to date,” the bank continued. Standard Chartered said it expects a full-year, non-recurring tax related cost in Korea of $60 million.

Total impairment for the group in the third quarter was below the first half run rate, at less than $300 million, although it was ahead of the levels seen in the equivalent quarter of 2012 by some tens of millions of dollars, the bank said.