KARACHI: Standard Chartered Bank (Pakistan) Limited (SCBPL) has announced a profit after tax of Rs5.60 billion for the first quarter ended March 31, 2026, reflecting a decline from Rs7.99 billion reported in the corresponding period last year. The bank also announced that its Board of Directors has not recommended any interim dividend for shareholders.
According to the bank’s financial results, earnings per share (EPS) stood at Rs1.45, compared with Rs2.06 in the first quarter of 2025. The lower profitability was primarily driven by a reduction in total income and higher taxation during the period.
Net mark-up and interest income declined to Rs13.02 billion, down from Rs16.98 billion a year earlier, as both interest income and the overall interest rate environment softened. Meanwhile, total non-mark-up income fell to Rs3.59 billion from Rs6.12 billion, mainly due to lower fee and commission income and a loss on securities. Total income for the quarter stood at Rs16.61 billion, compared with Rs23.10 billion in the same period last year.
Despite the decline in revenue, the bank maintained stable operating expenses of Rs5.62 billion, while recording a net credit loss reversal of Rs732.10 million, compared with a net credit loss charge in the corresponding period of 2025. Profit before taxation amounted to Rs11.73 billion, while tax expenses increased to Rs6.13 billion, resulting in the reported net profit.
On the balance sheet, Standard Chartered Bank Pakistan’s total assets increased to Rs880.87 billion as of March 31, 2026, from Rs872.87 billion at the end of December 2025. Customer deposits remained strong at Rs643.90 billion, while shareholders’ equity stood at Rs104.21 billion.
In a notification submitted to the Pakistan Stock Exchange (PSX), the bank confirmed that its Board, meeting on April 28, 2026, decided not to declare any interim cash dividend or other entitlement for shareholders for the first quarter of 2026.
The results reflect a challenging operating environment marked by lower interest income and softer non-funded revenues, although the bank continues to maintain a strong capital base and healthy liquidity position.
