Standard Chartered Bank Ltd. Maintains Stability in Q3 2023

Business & Finance

Karachi, Standard Chartered Bank Ltd. (SCBPL), a prominent player in Pakistan's banking sector, has released its financial results for the third quarter of 2023. The bank has maintained a daily weighted average rate of Rs. 30.73, reflecting its stability in the market. The total turnover for the period from January to September 2023 stands at an impressive Rs. 20.20 billion.Standard Chartered Bank Ltd. possesses a paid-up capital of Rs. 38.72 billion and has distributed 30% and 40% to shareholders for 2021 and 2022, respectively. In 2023, the bank has declared a substantial distribution of 65%, indicating its commitment to creating value for its investors.Listed on the Pakistan Stock Exchange since 2007, SCBPL has a par value of Rs. 10 per share and a market lot of 500. The bank's consistent performance reaffirms its position as a reliable and strong institution in Pakistan's banking sector.