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Standard Chartered Bank Predicts Profits of $8bn due to Strong Growth in Africa.

Despite the emerging markets industry slowing down, Standard Chartered bank predicts strong profits thanks to it’s business in Asia and Africa.

The bank said in a statement yesterday that it is “comfortable” with analyst estimates that predict a full-year operating profit of $8bn for 2013, compared with about $6.88bn in the previous year.

Growth has remained resilient across our footprint markets of Asia, Africa and the Middle East with high levels of client activity,” said chief executive Peter Sands.

Standard Charter is valued at £35bn

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