{"id":5652,"date":"2026-08-21T17:23:12","date_gmt":"2026-08-21T12:23:12","guid":{"rendered":"https:\/\/spinpk.com\/?p=5652"},"modified":"2026-08-21T17:23:12","modified_gmt":"2026-08-21T12:23:12","slug":"standard-chartered-pakistan-delivers-profit-before-tax-of-pkr-24-4-billion","status":"publish","type":"post","link":"https:\/\/spinpk.com\/index.php\/2026\/08\/21\/standard-chartered-pakistan-delivers-profit-before-tax-of-pkr-24-4-billion\/","title":{"rendered":"Standard Chartered Pakistan delivers profit before tax of PKR 24.4 billion"},"content":{"rendered":"
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Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance with a profit before tax of PKR 24.4bn compared to PKR 32.9bn in H1\u201925.<\/p>\n

The Bank posted revenue of PKR 34.8bn, lower by PKR 9.6bn compared to H1\u201925, primarily due to a reduction in interest rates. This was partially offset by a decrease in cost of funds and balance sheet growth. Driven by core business momentum, quarterly revenue picked up 10% compared to the first quarter of the current year. Total expenses declined by 5% compared to H1\u201925, reflecting strong cost discipline despite investment in our people and infrastructure. The Bank continues to maintain an efficient cost-to-income ratio of 33%, one of the lowest in the industry. A prudent risk approach and strong recoveries of bad debts led to a net release of PKR 1.1bn during the period, reflecting the fifth consecutive year of net reversals.<\/p>\n

On the liabilities side, the Bank\u2019s total deposits stood at PKR 671bn, an increase of 3% from the start of the year. This was driven by a deposit optimisation initiative which is reflected in the improved current accounts mix comprising 57% of the deposit book. On the assets side, net advances were higher by PKR 31bn or 15% during H1\u201926 on the back of strong growth in corporate advances and mortgages. The Bank maintained its strong position in the mortgage market, continuing to support clients’ home ownership aspirations through its differentiated financing solutions.<\/p>\n

We continue to monitor the economic landscape and position our portfolio accordingly. Against a backdrop of improving macroeconomic stability, Standard Chartered continued its strong partnership with the Government of Pakistan by facilitating the country\u2019s successful return to international capital markets after a four-year hiatus through the USD 750 million Eurobond and USD 250 million Panda Bond issuances.<\/p>\n

Standard Chartered is investing in its digital capabilities and infrastructure to enhance clients\u2019 banking experience through innovative solutions. We have made steady progress in further strengthening our control and compliance environment by focusing on our people, culture and systems. We remain committed to sustainable growth through a disciplined approach to balance sheet management, a relentless focus on our clients and product suite, and the delivery of best-in-class services to our customers.<\/p>\n

With a healthy Return on Equity (ROE) of 21.3% for the period and a Capital Adequacy Ratio (CAR) of 21.2%, the Bank is well positioned for future growth. The Board of Directors is pleased to announce an interim cash dividend of 30% (PKR 3.00\/- per share) in respect of the half year ended June 30, 2026.<\/p>\n

Commenting on the results, Adil Salahuddin, CEO & Head of Coverage, Standard Chartered Bank (Pakistan) Limited said:<\/p>\n

“Our H1 2026 performance demonstrates the resilience of our franchise and the enduring value of our client relationships. The improving economic backdrop, renewed investor confidence and growing engagement with international markets are encouraging signs for Pakistan and create significant opportunities for businesses looking to grow, invest and expand beyond borders.<\/p>\n

\u201cAt Standard Chartered, our priority is to connect clients to those opportunities through our international network, market expertise and sector capabilities. We remain committed to supporting Pakistan’s ambitions as a gateway for trade, investment and capital, while delivering sustainable growth and long-term value for our clients, shareholders, colleagues and communities.”<\/p>\n

The Bank\u2019s commitment to creating positive impact in the communities it serves was reflected through a range of initiatives in H1\u201926. Through the SC Women in Tech Accelerator, it continues to support women-led businesses and entrepreneurs, while the Goal Accelerator Programme helps disadvantaged girls and young women build economic resilience through sport. The Bank also partnered with Karachi United, promoting sports and social development among young people. Further reinforcing its commitment to inclusion, the Bank advanced initiatives supporting accessibility, disability-confident employment and greater economic opportunities for persons with disabilities, while maintaining a 30% women diversity ratio, ahead of the industry average. Sustainability remains a key priority, with the Bank supporting clients in their transition journeys while advancing responsible business practices that contribute to inclusive growth.<\/p>\n

The Board of Directors thanks Rehan M. Shaikh, outgoing CEO & Head of Coverage and Director, for his dedicated leadership and significant contributions to the franchise over many years and warmly welcomes Adil Salahuddin as CEO & Head of Coverage and Director of Standard Chartered Bank (Pakistan) Limited.<\/p>\n

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Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance with a profit before tax of PKR 24.4bn compared to PKR 32.9bn in H1\u201925. The Bank posted revenue of PKR 34.8bn, lower by PKR 9.6bn compared to H1\u201925, primarily due to a reduction in interest rates. This was partially offset by a decrease in cost […]<\/p>\n","protected":false},"author":1,"featured_media":907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9],"tags":[174],"class_list":["post-5652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-standard-chartered-bank-pakistan"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/posts\/5652"}],"collection":[{"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/comments?post=5652"}],"version-history":[{"count":1,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/posts\/5652\/revisions"}],"predecessor-version":[{"id":5653,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/posts\/5652\/revisions\/5653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/media\/907"}],"wp:attachment":[{"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/media?parent=5652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/categories?post=5652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spinpk.com\/index.php\/wp-json\/wp\/v2\/tags?post=5652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}