Standard Chartered has announced that it is exploring options for its global aviation finance business, including a sale.
In line with its business strategy outlined in February 2022, Standard Chartered is exploring alternatives for the future ownership of its aviation finance business, according to a statement.
The business accounts for around 2 percent of the British lender’s overall group income approximately 1 percent of risk-weighted assets.
Global Business
Standard Chartered’s global aviation business – which includes Dublin-based Pembroke – manages a modern fleet of aircraft and serves airline and financial institution clients across North America, Europe, Asia, Africa and the Middle East.
«We believe that a new owner can drive the next phase of growth whilst we continue to focus on our commitment to improve shareholder returns and delivering on our 2024 targets,» said Simon Cooper, CEO of corporate, commercial & institutional banking as well as Europe & Americas.
