KARACHI: Standard Chartered Bank Pakistan Limited reported a profit before tax of Rs11.7 billion for the first quarter of 2026, compared with Rs17 billion in the same period last year, reflecting pressure on margins following a sharp decline in interest rates.
The bank’s revenue stood at Rs16.6 billion, with lower yields partially offset by reduced funding costs. Total expenses fell 2 per cent despite inflationary pressures, supported by cost discipline and operational efficiencies. A prudent risk approach and recoveries led to a net release of Rs0.7 billion. On the balance sheet side, deposits edged down 1.0 per cent to Rs643.9 billion, driven by optimisation measures, while current accounts improved to 61 per cent of the total mix. Net advances rose strongly by 21 per cent, or Rs44.5 billion, since the start of the year, indicating improving economic activity.
