Thursday, April 30 2026

SCP delivers profit before tax of Rs11.7bn
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit Before Tax of PKR 11.7 billion in Q1 2026 compared to PKR 17.0 billion 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 percent 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 billion during the period.
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