Full Year 2018 Standard Chartered PLC Earnings and Investor Update Call Transcript
All right. So good morning to everybody, and good afternoon to those who are joining from overseas.
And we're going to split this into 2 sessions or 2 parts: first one, looking at 2018 and results for that year, which I'll do now. And then I'll hand over to Bill, who will pick up on the strategy for the next 3 years.
So with that, we'll eventually get to some numbers. So just a key sort of summary, and I've got more detail on several of the line items here.
So to go through this at a high level. Overall income for the year up 5%. Costs increased 2%, so slightly lower costs in the second half than the first half and [opening up] JAWS. The credit impairment charge is a little bit higher in the fourth quarter but only a little bit and overall nearly halved on previous year. And you will recall the previous year nearly halved on the year before that, so continuing very strong progress on the impairment side. Other impairment includes some charges relating to the ship leasing business, which is part of the
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