StanChart retail unit delivers P791m ahead of sale

For the full-year to December 2024, StanChart's total income stood at P1.065 billion earning an operating income of P478 million. The increase in earnings was attributed to the growth of the WRB division and improvement in margins enjoyed from wealth management and banking products targeting the middle-income members of society.

In a briefing this week, the banks officials shared that the WRB division had been boosted by an increase in wealth assets under management which grew three times in comparison to 2023, with the broader WRB division growing by 11%.