Standard Chartered Bank Pakistan Limited (SCBPL) delivered resilient financial performance, reporting a profit before tax of PKR 58.5bn, compared to PKR 100.6bn last year. Revenue was lower year on year primarily due to a sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease in the cost of funds. Despite a high inflationary environment and continued investments in our infrastructure, operating expenses were well managed through efficiencies and disciplined spending, increasing by 6% from last year. Moreover, a prudent risk approach coupled with strong recoveries of bad debts led to a net release of PKR 1.8bn during the year.
On the liabilities side, the Bank’s total deposits stood at PKR 650bn; down by 22% from the start of the year. This was driven by a deposit optimisation initiative, reflected in the improved current accounts mix, which accounted for 59% of the deposit book, up from 48% last year.
On the asset side, net advances maintained positive momentum and were higher by PKR 43bn, or 25%, since the start of the year. The Bank is well placed to cater for its clients’ needs and will continue its strategy to build a profitable, efficient and sustainable portfolio.
During 2025, the Bank contributed PKR 52.2bn to the national exchequer in lieu of direct income taxes, as an agent of the Federal Board of Revenue (FBR) and on account of FED / Provincial Sales Taxes.
The Bank is investing in its digital capabilities and infrastructure to enhance clients’ banking experience by introducing innovative solutions. We will continue executing on its 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. The prudent and proactive measures we are taking now are expected to make us leaner and fitter to take advantage of the opportunities ahead.
Commenting on the results, Rehan Shaikh, CEO & Head of Coverage, Standard Chartered Bank (Pakistan) Limited, said, “Our results are a reflection of changed market dynamics. They underscore the strength of our robust 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 25% for the year and a Capital Adequacy Ratio (CAR) of 21.9%, the Bank remains well positioned for future growth. On the back of a resilient performance, the Board of Directors was pleased to announce a final cash dividend of PKR 3.0/- per share, in addition to the interim cash dividend of PKR 3.5 per share.
Standard Chartered has also been recognised by the International Finance Corporation and the Pakistan Business Council as one of the top 10 employers of choice. In addition, the Bank’s efforts to make a difference in the communities it serves are underscored by a variety of initiatives in 2025. Through the launch of the SC Women in Tech 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 launched the Eighth Youth League – Football Tournament to promote sports amongst children for the eighth year in a row.
The Bank remains fully committed to delivering sustainable growth for its shareholders, providing best-in-class services and solutions to its clients, and playing its part in Pakistan’s growth story.
