KARACHI: Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance with a profit before tax (PBT) of PKR 24.4 billion in the first half of this year (H1CY26) compared to PKR 32.9 billion in H1CY25.
During the period, the bank posted revenue of PKR 34.8 billion, lower by PKR 9.6 billion compared to H1’25, 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 percent compared to the first quarter of the current year. Total expenses declined by 5 percent compared to H1’25, reflecting strong cost discipline despite investment in people and infrastructure.
The bank continues to maintain an efficient cost-to-income ratio of 33 percent, one of the lowest in the industry. A prudent risk approach and strong recoveries of bad debts led to a net release of PKR 1.1 billion during the period, reflecting the fifth consecutive year of net reversals.
On the liabilities side, the bank’s total deposits stood at PKR 671 billion, an increase of 3 percent from the start of the year. This was driven by a deposit optimization initiative which is reflected in the improved current accounts mix comprising 57 percent of the deposit book.
On the assets side, net advances were higher by PKR 31 billion or 15 percent during first half of 2026 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.
With a healthy Return on Equity (ROE) of 21.3 percent for the period and a Capital Adequacy Ratio (CAR) of 21.2 percent, the bank is well positioned for future growth. The Board of Directors has announced an interim cash dividend of 30 percent (PKR 3.00/- per share) in respect of the half year ended June 30, 2026.
Commenting on the results, Adil Salahuddin, CEO and Head of Coverage, Standard Chartered Bank (Pakistan) Limited, said that H12026 performance demonstrated the resilience of “our franchise” and the enduring value of 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,” he added.
The Board of Directors also thanked Rehan M. Shaikh, the outgoing CEO and Head of Coverage and Director, for his dedicated leadership and significant contributions to the franchise over many years and warmly welcomed Adil Salahuddin as CEO & Head of Coverage and Director of Standard Chartered Bank (Pakistan) Limited.
Copyright Business Recorder, 2026
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