SCBPL 1HCY26 profit drops 29%

Standard Chartered Bank (Pakistan) Limited reported a 29 per cent fall in net profit for the half-year ended June 30, 2026, according to Mettis Global. Net profit came to Rs11.78 billion, compared with Rs16.56 billion in the same period last year. The bank also announced an interim cash dividend of Rs3.00 per share, while earnings per share dropped to Rs3.04 from Rs4.28.

The main drag was a narrower core spread, as mark-up earned fell 25 per cent to Rs36.43 billion while mark-up expensed dropped 38 per cent to Rs10.12 billion. Net mark-up income therefore declined 19 per cent to Rs26.30 billion. Non-interest income fell 29 per cent to Rs8.50 billion, mainly due to net losses on securities of Rs574.94 million and a 35 per cent decline in fee and commission income.

Operating expenses declined to Rs11.01 billion, and a Rs1.11 billion credit loss reversal cushioned pre-tax earnings, which still fell 26 per cent to Rs24.38 billion. Taxation fell 23 per cent to Rs12.60 billion, while total income dropped 22 per cent to Rs34.81 billion.