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June, 29th 2010

Standard Chartered expects its income from its global operations for the first six months of 2010 to be broadly flat as against first half of 2009, but sees a double-digit growth over the second half of 2009.

he bank said its consumer banking and wholesale banking client income are performing particularly well, but have been partly offset by weak own account income.

In a trading update released by the group, the bank said for the group overall, net interest margins have fallen fractionally from the 2009 levels and low liability margins have persisted longer than expected.

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