KARACHI: Standard Chartered Bank (Pakistan) Limited posted a profit before tax of Rs32.9 billion for the half year ended June 30, 2025, down from Rs49.3 billion in the same period last year. Revenue for the period stood at Rs44.4 billion, a decline of 24% YoY, primarily due to lower interest rates, partially offset by growth in non-funded income and a reduction in cost of funds.
Operating expenses increased 13% during the period, while the cost-to-income ratio remained at 27%. A net release of Rs0.6 billion was recorded from recoveries and prudent risk management.
Total deposits were recorded at Rs697 billion, down 17% from the start of the year, reflecting a deposit optimisation initiative. Current accounts now make up 59% of the deposit base, compared to 48% last year. Net advances increased by Rs39 billion, or 23% from the beginning of the year, showing growth in lending activity.
The bank maintained a Return on Equity of 28.8% and a Capital Adequacy Ratio of 21.5%. The Board of Directors announced an interim cash dividend of 35% (Rs3.50 per share) for H1 2025.
