Amadeusz Juskowiak

Standard trustco sees better year

Standard Trustco said it expects earnings in 1987 to increase at least 15 to 20 pct from the 9140000 dlrs or 252 dlrs per share recorded in 1986

Stable interest rates and a growing economy are expected to provide favorable conditions for further growth in 1987 president Brian OMalley told shareholders at the annual meeting

Standard Trustco previously reported assets of 128 billion dlrs in 1986 up from 110 billion dlrs in 1985 Return on common shareholders equity was 186 pct last year up from 15 pct in 1985

Reuter