Standard Chartered Pakistan Reports Rs37.1 Billion Pre-Tax Profit in 9M 2026

The bank’s deposits grew 14% and advances rose 15%, while lower interest rates reduced revenue by 15% year-on-year.

Standard Chartered Bank (Pakistan) Limited reported 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 recorded revenue of Rs53.6 billion, down 15% year-on-year, primarily due to lower interest rates. However, it maintained cost discipline, with total expenses declining by 1% compared with the same period last year.

The bank’s cost-to-income ratio stood at 33%, which it described as among the lowest in the industry. Its prudent risk management and recoveries from bad debts also resulted in a net release of expected credit loss (ECL) allowances amounting to Rs1.2 billion during the reporting period.

Standard Chartered Pakistan continued to expand its balance sheet, supported by growth in both deposits and advances.

Total deposits reached Rs739 billion, increasing by Rs88.7 billion, or 14%, from the start of 2026. Current accounts accounted for 58% of the deposit base, providing a significant source of low-cost funding.

Net advances increased by Rs31.5 billion, or 15%, from the beginning of the year. The growth was driven by corporate financing and mortgage lending. The bank also continued offering home financing solutions to support customers seeking to purchase property.

The bank reported a return on equity of 22.1% and a capital adequacy ratio of 19.1% for the period, highlighting its reported profitability and capital position.

Standard Chartered also supported Pakistan’s return to international capital markets by facilitating the issuance of a USD3.75 billion Eurobond and a USD250 million Panda Bond, according to the bank’s statement.

Alongside its financial performance, the bank continued investing in digital capabilities, infrastructure and its control and compliance systems. It said these efforts aim to improve customer experience, strengthen operational standards and support sustainable growth.

Commenting on the results, Adil Salahuddin, CEO and Head of Coverage at Standard Chartered Bank (Pakistan) Limited, said the bank’s third-quarter performance reflected resilient operations, strong client relationships and continued growth in deposits and advances.

He added that an improving economic outlook could create opportunities to support local and international businesses, with the bank’s global network and local expertise helping facilitate business activity and access to wider markets.

The bank also continued its community and inclusion initiatives during 2026. These included the SC Women in Tech Accelerator, the Goal Accelerator Programme for disadvantaged girls and young women, and its support as Platinum Sponsor of Access.Ability.Careers for the third consecutive year.

Standard Chartered also marked World Menopause Day through a workplace initiative focused on women’s health and inclusion. The bank reported that women represented 30% of its workforce.

The bank said sustainability, responsible business practices and inclusive growth would remain priorities as it continues to support customers and businesses across Pakistan.