Standard Chartered Bank registered a profit before tax during the first quarter in the UAE.
In this quarter, the bank earned 86 million dollars before tax, which is four times more than last year.
"The dynamics of profit in the first quarter of 2021 reflect our sustainable performance over the period and demonstrate the strength of our business," said the bank's chairman.
However, income from other operations fell by 14%, countering the pressure for measures to manage liquidity.
"We remain positively inclined in light of the projected prospects and expect that our ability to deal with challenges will bring us growth in terms of long-term sustainability and growth," the chairman noted.
