SCBPL reports around 23% drop in half-year profit

August 26, 2025 (MLN): Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has reported its financial results for the six months ended June 30, 2025, posting a profit after taxation of Rs16.56 billion, down 22.9% from Rs21.48bn in the same period last year.

The bank has declared that its Board of Directors has recommended an interim cash dividend of 35% (Rs3.5 per share of Rs10 each) for the year ending December 31, 2025.

Earnings per share (EPS) for the half year stood at Rs4.28, compared to Rs5.55 in the corresponding period of 2024.

The bank’s profit before taxation came in at Rs32.91bn, reflecting a 33.2% decline against Rs49.29bn in the same period last year.

Profit before provisions fell 32% to Rs32.32bn from Rs47.52bn.

Total income for the six months decreased 23.7% to Rs44.4bn from Rs58.2bn, as net mark-up/interest income dropped 32.8% to Rs32.47bn compared to Rs48.32bn in the prior year.

Mark-up/return/interest earned declined 40.8% to Rs48.79bn, while mark-up/return/interest expensed fell 52.1% to Rs16.32bn.

Non mark-up/interest income, however, registered growth of 20.7%, rising to Rs11.93bn from Rs9.88bn.

Key contributors included a 35.2% increase in fee and commission income to Rs4.73bn, a 40.9% rise in dividend income to Rs141m, a 46.5% gain on securities at Rs2.04bn, and a 229.3% surge in other income to Rs92m.

Income from derivatives also rose sharply by 192.4% to Rs582m, though foreign exchange income slipped 6.8% to Rs4.35bn.

On the expenses side, operating costs rose 17.5% to Rs11.41bn, while total non mark-up/interest expenses increased 13.1% to Rs12.08bn.

Provisions and write-offs dropped 66.9% to Rs587m compared with Rs1.77bn last year.

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