SCB Reports Rs37.1bn Profit Before Tax in 9MFY26
Standard Chartered Pakistan reported Rs37.1 billion profit before tax in nine months of 2026 as deposits grew 14% and advances increased 15%.
KARACHI: Standard Chartered Bank (SCB Pakistan) Limited declared a profit before tax of Rs37.1 billion for the nine months ended September 30, 2026, compared with Rs46.1 billion in the corresponding period last year.
The bank’s revenue fell 15% year-on-year to Rs53.6 billion, primarily due to lower interest rates. However, disciplined cost management helped contain total expenses, which declined 1% compared with the same period last year.
SCB Pakistan maintained a cost-to-income ratio of 33%, among the lowest in the banking industry, reflecting its continued focus on operational efficiency.
The bank also reported a net expected credit loss (ECL) release of Rs1.2 billion during the period, supported by a prudent risk management approach and strong recoveries of bad debts.
Standard Chartered Pakistan Deposits Grow 14%
Standard Chartered Pakistan recorded strong growth in deposits during the first nine months of 2026. Total deposits reached Rs739 billion, increasing by Rs88.7 billion, or 14%, from the beginning of the year.
Current accounts accounted for 58% of the bank’s total deposit base, supporting its funding position.
On the lending side, net advances increased by Rs31.5 billion, or 15%, during the year. The growth was driven by strong performance in corporate lending and mortgages.
The bank also maintained its position in Pakistan’s mortgage market, continuing to support customers through its lending operations.
Bank Supports Pakistan’s Return to International Capital Markets
Standard Chartered continued to support the Government of Pakistan in accessing international capital markets. The bank facilitated Pakistan’s return to international capital markets after a four-year hiatus through the issuance of $3.75 billion in Eurobonds and $250 million in Panda bonds.
The bank said it would continue to monitor economic conditions and manage its portfolio in line with the changing macroeconomic environment.
It is also investing in digital capabilities and infrastructure to improve the customer banking experience through innovative solutions. In addition, the bank has continued to strengthen its control and compliance framework through investments in people, culture and systems.
SCB Maintains Strong Capital Position
Standard Chartered Pakistan reported a return on equity (ROE) of 22.1% for the period, while its capital adequacy ratio (CAR) stood at 19.1%.
The bank said these indicators reflected its financial strength and positioned it to pursue further growth while maintaining disciplined balance sheet management.
Commenting on the results, Adil Salahuddin, CEO and Head of Coverage at SCB said the bank’s third-quarter performance demonstrated the resilience of its business.
He said sustained quarter-on-quarter improvement reflected disciplined execution, strong client relationships and continued momentum across the balance sheet.
Salahuddin also highlighted the growth in deposits and advances, describing it as a sign of client confidence and increasing economic activity.
He added that Pakistan’s improving economic outlook presented opportunities to support local and international businesses in expanding sustainably and accessing wider markets.
According to Salahuddin, the bank’s global network and local expertise would help facilitate business flows and contribute to Pakistan’s next phase of economic growth.
Bank Continues Women Empowerment and Inclusion Initiatives
Standard Chartered Pakistan continued its community investment and inclusion programmes during 2026.
Through its SC Women in Tech Accelerator, the bank supported women-led businesses and entrepreneurs. Its Goal Accelerator Programme also helped disadvantaged girls and young women develop economic resilience through sports.
The bank sponsored Access.Ability.Careers as a platinum sponsor for the third consecutive year, supporting efforts to connect persons with disabilities with inclusive employers and career opportunities.
It also marked World Menopause Day through a dedicated workplace discussion on women’s health and the importance of inclusive working environments.
Standard Chartered Pakistan maintained a 30% women diversity ratio, which it said was above the industry average.
Sustainability remains a key priority for the bank, which continues to support clients in their transition towards more sustainable business practices while promoting inclusive economic growth.
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