Standard Chartered India profit increases by 11% despite the shrinking of loan.

Standard Chartered Bank reported a profit increase of 11% before the tax from India in the first half of 2025, despite a shrinking of its loan book, mainly because the costs were kept control. The profit before the tax rose to $ 333 million in the six months ending in June 2025 of $ 299 million in the same period a year ago, because the operating costs rose only 0.45% year after year.

The total income rose by 6% to $ 795 million in June 2025 of $ 753 million in June 2024, half annual results released by the bank on Thursday. The operating costs remained little changed to $ 442 million versus $ 440 million a year ago.

The bank’s loan book in India has shrunk 8% to $ 13.61 billion of $ 14.79 billion a year ago. Deposits have also shrunk to $ 25.26 billion of $ 27.26 billion a year ago. The total value reduction costs increased by 43% to $ 20 million from $ 14 million a year ago.

India made the third biggest contribution to the worldwide contribution of the bank behind Hong Kong ($ 1.44 billion) and Singapore ($ 798 million). This is an improvement in fifth place that the bank occupied at the end of 2024 behind the US and the VAE.

Worldwide, the bank reported an increase of 26% in the profit of the first half before tax, driven by growth in the wealth and the bank’s market. The profit of the London handquartered lender for the first six months of this year reached $ 4.38 billion, better than the $ 3.83 billion analysts had predicted. The total income was helped by a profit of $ 238 million in the sale of B2B Marketplace SOLV India to Jumbotail last month. SOLV India was incubated by Standard Chartered Ventures.