Karachi: Standard Chartered Bank (Pakistan) Limited has reported robust economic recovery and strategic growth during the first half of 2025, as outlined in the Directors’ Report accompanying its un-audited interim financial statements for the period ending June 30, 2025. The bank, operating in the designated market category of financial services, demonstrated a steady financial performance amid a challenging external environment.
On August 29, 2025, the bank presented a detailed overview of the economic landscape, highlighting a 2.7% GDP growth in FY25. This recovery was driven by a combination of lower policy rates, prudent policy management, decreased inflation, and a stable exchange rate. Moreover, the current account posted a substantial surplus of USD 2.1 billion, contrasting sharply with the deficit recorded in the previous year. This marked improvement was largely due to a notable increase in remittances and stronger export performance.
According to information available from the Pakistan Stock Exchange (PSX), the bank reported a Profit before tax of PKR 32.9 billion, reflecting a Big move compared to the corresponding period last year. Revenue decreased, primarily due to a sharp reduction in interest rates, yet the impact was partially offset by increased non-funded income and a decrease in the cost of funds.
The bank’s strategic pillars, which include Network, Affluent, Emerging Affluent, and Sustainability, continue to drive its growth. The bank is investing heavily in digital capabilities and infrastructure to enhance client experience and has made significant progress in strengthening its control and compliance environment. The bank’s strategic priorities are further supported by its focus on People & Culture, Ways of Working, and Innovation & Technology.
On the operational front, the bank’s total deposits declined by 17% to PKR 697 billion, driven by a deposit optimization initiative. However, net advances increased by 23%, indicating a positive economic momentum. The bank remains well-capitalized and liquid, with industry-wide metrics showing a CAR of 21.2% and an advances-to-deposit ratio of 39.7%.
Standard Chartered Bank also announced an interim cash dividend of 35.0% (PKR 3.50 per share) for the half-year ending June 30, 2025, further demonstrating its commitment to delivering value to its shareholders. The bank’s long-term and short-term credit ratings have been maintained at “AAA” and “A1+” respectively by the Pakistan Credit Rating Agency, reflecting its strong capacity for timely financial commitments.
The bank’s leadership remains intact following the re-election of all existing directors at the Extraordinary General Meeting held on April 28, 2025. Mr. Christopher Parson continues as Chairman of the Board, and Mr. Rehan Muhammad Shaikh will serve as CEO until December 31, 2026.
In the midst of these developments, the bank acknowledges the support and guidance of the State Bank of Pakistan and expresses gratitude to its clients, business partners, associates, and staff for their unwavering commitment and trust. The bank’s strategic direction and operational resilience position it well to navigate the evolving economic landscape and capitalize on opportunities for sustained growth.