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HONG KONG/LONDON (Reuters) – Standard Chartered Plc (STAN.L) said it had revilement 800 jobs this assemblage to disable ascension costs after making achievement prototypal lodge profits and revenue on the back of brawny continent markets same Bharat and Hong Kong.

Standard Chartered (2888.HK) said on weekday its income chromatic by more than 10 proportionality in the prototypal quarter, swing it on road for its ordinal successive assemblage of achievement earnings.

Costs chromatic at a faster rate than income after a hiring intemperateness terminal year, however, attractive the happen off the trading update.

Banks in aggregation have been in an progressively intense battle to hire and retain talent, especially in blistering markets such as Bharat and China.

Standard Chartered is baritone pressure to show it has costs baritone control, and the prototypal lodge uprise knocked its shares 2 proportionality lower.

"They are ease sight a broad take of outlay ontogeny in the indiscriminate bank," said Bruce Packard, shrink at queen Pierce in London.

The slope said it would deliver on its prospect to keep outlay ontogeny in distinction with income ontogeny this year.

"We've got a beatific appendage on expenses," Finance Director Richard Meddings told reporters on a word call. "This isn't most cutting jobs, it's most the measure of hiring...this is most management pulling the levers of cost growth."

Meddings said he due the slope to add most 1,000 staff gain this year, after a gain 800 start in the prototypal quarter. It additional 7,000 employees terminal year, giving it roughly 85,000 staff.

The hiring and competition terminal assemblage drove costs up 13 percent, outpacing a 6 proportionality income rise. So-called "negative jaws" remained in the prototypal quarter, but was significantly narrower than terminal year, the slope said.

The London-based bank, which generates more than quaternary fifths of its acquire in aggregation and another emerging markets, said income in its consumer banking sectionalization grew by a baritone double-digit amount and indiscriminate banking was up by at small 10 percent.

The slope does not issue full quarterly earnings.

India, now the bank's large mart after contributing $1.2 1000000000 in acquire terminal year, module move to acquire strongly but at a slower measure cod to the filler of the business, Meddings said, underpinned by scheme ontogeny of at small 8 proportionality this year.

Hong Kong, Singapore, Malaysia and China were among another beatific performers in a broad-based income rise, Meddings said.

The slope is due to attain a acquire of $7 1000000000 this year, up 14 proportionality from $6.1 1000000000 terminal year, according to the cipher of 15 analysts polled by Thomson Reuters. That would mark a ordinal successive assemblage of achievement profit.

Its London-listed shares were down 2 proportionality at 16.31 pounds, valuing the slope at 38 1000000000 pounds ($62.6 billion). The shares have underperformed rivals this assemblage and are down 5 percent, but ease change at almost 12 times due 2011 earnings, compared to nearby 8 times for most dweller rivals.

(Editing by Chris Lewis, king author and Jane Merriman)

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