SCBPL reports record Q3 profit

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) has announced impressive financial results for the third quarter of 2024, reflecting a robust 20 per cent year-on-year increase in profit before tax, reaching Rs75.5 billion.

The bank’s overall revenue surged to Rs89.5 billion, marking a growth of 16 per cent compared to the previous year, driven by positive contributions across all business segments.

Despite an 18 per cent rise in operating expenses aligned with inflationary trends, SCBPL maintains the industry’s lowest cost-to-income ratio at 18 per cent.

Looking ahead, SCBPL is investing in digital capabilities to enhance customer experience and expand its retail presence. CEO Rehan Shaikh highlighted the team’s commitment to excellence, thanking stakeholders for their trust.