A rise in U.S. interest rates would be a worry for the markets in which Standard Chartered operates but would also bring some positives, said Jaspal Bindra, the Asia CEO of the emerging-market focused bank.
"From a business point of view, it [a rate hike] will have an impact as we saw in May of last year and the period after that," Bindra told CNBC on the sidelines of the World Economic Forum in Manila.
"For the bank, we have surplus liquidity so an increase in rates will be a shot in the arm to the bottom line and so that will be a mixed blessing," he said.
"The other mixed blessing is that a rate rise will come with some substantial evidence of growth in the U.S. which will help export-led economies in this region," Bindra added.
StanChart said earlier this month that currency volatility in Asia hurt its first-quarter earnings and that market conditions would remain difficult.
That volatility was sparked a year ago as expectations for an unwinding of U.S. monetary sparked an exit of cash from emerging markets.