STANCHART(SCBFY) - 2024 Q2 - Earnings Call Transcript

NII was $2.6 billion, up 6%. Wealth Solutions continues to drive the strong growth in non-NII, which was up 9%. Operating expenses were up 4% due to inflation and continued investment into business growth initiatives. Pre-provision operating profit was up 13% in the second quarter and was up 26% in the first-half demonstrating our strong progress towards sustainably higher profitability. Average interest earning assets were down 4% in the quarter primarily due to a reduction in treasury. Looking forward to ...