Standard Chartered Pakistan delivers profit before tax of PKR 37.1 billion

Standard Chartered Pakistan Reports Rs 37.1 Billion Pre-Tax Profit in Nine Months

Highlights:

• Revenue of PKR 53.6 billion
• Profit before tax of PKR 37.1 billion
• Cost discipline continues with a cost-to-income ratio of 33 percent
• Prudent risk approach led to a net ECL release of PKR 1.2 billion
• Robust increase in advances, growth of 15 percent from the start of the year
• Strong growth in deposits of 14 percent during the year

Karachi, 29 October, 2026 – Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance for the nine-month period ended 30 September 2026 with a Profit before tax of PKR 37.1bn compared to PKR 46.1bn last period.

The Bank posted revenue of PKR 53.6bn, down 15% year on year, primarily due to reduction in interest rates. Total expenses declined by 1% from comparative period, 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 ECL release of PKR 1.2bn during the period.

On the liabilities side, the Bank’s total deposits stood at PKR 739bn, registering an increase of PKR 88.7bn or 14% from the start of the year, with current accounts mix comprising 58% of the deposit book. On the assets side, net advances were higher by PKR 31.5bn or 15% during the year 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.

We continue to monitor the economic landscape and position our portfolio accordingly. 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’s successful return to international capital markets after a four-year hiatus through the USD 3,750 million Eurobond and USD 250 million Panda Bond issuances.  

Standard Chartered is investing in its digital capabilities and infrastructure to enhance clients’ 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.

With a healthy Return on Equity (ROE) of 22.1% for the period and a Capital Adequacy Ratio (CAR) of 19.1%, the Bank is well positioned for growth.

Commenting on the results, Adil Salahuddin, CEO & Head of Coverage, Standard Chartered Bank (Pakistan) Limited said:

“Our Q3 performance demonstrates the resilience of our franchise, with sustained quarter-on-quarter improvement reflecting disciplined execution, strong client relationships, and continued momentum across our balance sheet. We are particularly encouraged by the growth in both deposits and advances, which reflects client confidence and increasing economic activity.

“As Pakistan’s economic outlook strengthens, we see significant opportunity to support local and international businesses in sustainably growing and connecting to wider markets. Standard Chartered’s global network and deep local expertise position us well to facilitate these flows and contribute to the country’s next phase of growth.”

The Bank’s commitment to creating positive impact in the communities it serves was reflected through a range of initiatives in 2026. 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. Further reinforcing its commitment to inclusion, the Bank supported ‘Access.Ability.Careers’ as Platinum Sponsor for the third consecutive year, helping connect persons with disabilities with inclusive employers and meaningful career opportunities. It also marked World Menopause Day through a dedicated workplace conversation focused on women’s health and creating more supportive and inclusive workplaces. Alongside these efforts, the Bank has maintained 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.