Standard Chartered PLC – statement on the Bank of England 2019 stress test results

Standard Chartered PLC (the Group) notes the publication today by the Bank of England of the results of its 2019 stress test exercise. The results showed that, under the Bank of England’s hypothetical annual cyclical scenario, the Group exceeded all hurdle rates. The Group has a diverse and liquid balance sheet and these results demonstrate the Group’s continued capital strength and increased resilience to stress.

The Financial Policy Committee also announced that it is raising the level of the UK countercyclical capital buffer rate from 1% to 2%, taking effect in one year. Given relevant UK exposures, this will not materially impact the Group’s capital requirements.

The results of the Bank of England’s 2019 stress test are available to view in full on their website at:
https://www.bankofengland.co.uk/stress-testing/2019/bank-of-england-stress-testing-results

For further information, please contact:

Mark Stride
Global Head, Investor Relations
+44 (0)20 7885 8596
mark.stride@sc.com

Julie Gibson
Head of Group Media Relations
+44 (0)20 7885 2434
julie.gibson@sc.com

Standard Chartered

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

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