Standard Chartered Bank Pakistan

Standard Chartered Bank Pakistan has declared a final cash dividend of Rs1.50 per share for the year 2014. This is in addition of 75 paisas per share interim cash dividend announced during the year, a bank statement said on Thursday.
These results are a testimony of the disciplined execution of the bank’s strategy of improving profitability, while enhancing customer service, people engagement with a continued focus on controls, the bank said.
The growth in normalised profitability is attributed to a steady revenue line, which remains resilient and underpinned by consistent activity across the businesses and Standard Chartered Bank’s network.
The deposit momentum continues with a growth of around three percent since the start of the year with the current and savings accounts now comprising 92 percent of the bank’s deposit base.
Shazad Dada, chief executive of Standard Chartered Bank (Pakistan) Limited, said: “These results demonstrate our commitment to delivering consistent and sustained performance. We are confident that the actions we are taking will enable us to deliver sustained and profitable growth.”
“There are immense opportunities in the country and we are confident we can translate the strength of our balance-sheet and the depth and quality of our client franchise into sustained shareholder value creation.”