Standard Chartered posts 10% profit rise, driven by jump in net interest income

Standard Chartered PLC said first-quarter net profit rose 10%, driven by sharply higher interest income as global central banks continued to raise interest rates.

The Asia-focused bank UK:STAN HK:2888 on Wednesday posted net profit of $1.16 billion for the quarter, compared with $1.06 billion for the same period in 2022.

Operating income rose…