StanChart Signals Return of Payouts as Loan Losses Ease
- Bank says it has ‘ample’ room to fund growth, dividends
- Lender expects loan losses to ease in second half of 2020
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Standard Chartered Plc said plans to hit a key return target had been set back “a couple of years” even as the emerging markets-focused bank reported an easing in loan losses and a rebound in its core Asian business in the third quarter.
The London-headquartered lender said it hoped to pay a dividend next year, joining rivals like HSBC Holdings Plc in calling for an end to a hiatus that began in March after British regulators ordered major U.K. banks to cease shareholder payouts.