Standard Chartered Pakistan delivers profit before tax of PKR 11.7 billion

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit before tax of PKR 11.7 bn in Q1 2026 compared to PKR 17.0 bn last period.

Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease in cost of funds.

Total expenses declined by 2% despite a high inflationary environment and continuous investments in our infrastructure. Operating expenses were well managed through efficiencies and disciplined spending. Moreover, a prudent risk approach coupled with strong recoveries of bad debts led to a net release of PKR 0.7 bn during the period.

On the liabilities side, the Bank’s total deposits stood at PKR 643.9 bn; down by 1% from the start of the year. This was driven by a deposit optimisation initiative which is reflected in the improved current accounts mix comprising 61% of the deposit book.

On the assets side, net advances continued positive momentum and were higher by PKR 44.5bn or 21% since start of the year reflecting a pick-up in economic momentum. We continue to monitor the economic landscape and will position our portfolio accordingly. The Bank is well placed to cater for the needs of its clients and will continue its strategy to build a profitable, efficient and sustainable portfolio.

The Bank is investing in its digital capabilities and infrastructure to enhance its clients’ banking experience through the introduction of innovative solutions. We will continue executing on our strategy of combining differentiated cross-border capabilities with leading wealth management expertise. Having strengthened our foundations on controls and conduct, we are well equipped to manage our risks, capital and liquidity effectively.

Commenting on the results, Rehan Shaikh, CEO & Head of Coverage, Standard Chartered Bank (Pakistan) Limited said, “Our results reflect the strength of our balance sheet, a diversified portfolio, deep client relationships and strong business fundamentals. As a bank, we continue to play in our niches and remain committed to serving our clients’ cross-border and affluent banking needs. I would like to extend my heartfelt gratitude to our shareholders, clients, and business partners for their unwavering trust and confidence in our capabilities.”

With a strong Return on Equity (ROE) of 20.9% for the period and a Capital Adequacy Ratio (CAR) of 19.1%, the Bank remains well positioned for future growth.

The Bank’s efforts in making a difference in the communities it works in are underscored through a variety of initiatives. Through the launch of the SC Women in Tech Accelerator Programme, the Bank continues to address gender disparity in the technology sector. Through the Goal Accelerator Programme, a sport-powered initiative, the Bank works to create concrete pathways for disadvantaged girls and young women to become economically resilient. The Bank has also partnered with Karachi United and completed the Eighth Youth League – Football Tournament to promote sports amongst children.

The Bank remains fully committed to delivering sustainable growth for its shareholders, bringing best-in-class services and solutions for its clients, and playing its part in the growth story of Pakistan.