Karachi: PACRA has affirmed the entity ratings of Standard Chartered Bank (Pakistan) Limited, underscoring the bank’s robust franchise value and strong market position. This rating reflects SCBPL’s strategic alignment with its parent company, Standard Chartered PLC, which provides access to advanced technical resources and global expertise.

SCBPL’s management team has successfully integrated global best practices into its operations, ensuring a consistent approach to risk management. The bank operates with a network of 40 efficient branches nationwide, supported by a proprietary in-house core banking platform that enhances operational resilience.

The bank’s financial performance in CY24 showcased a net markup income of PKR 93.5 billion and a significant increase in non-markup income by 85% to PKR 24.66 billion. Despite a 20.95% decline in the advances portfolio, SCBPL’s investment portfolio surged to PKR 654.34 billion, primarily in short-term government securities.

SCBPL’s market share in customer deposits rose to 2.73%, with a favorable CASA ratio of 97% in CY24. The bank’s Capital Adequacy Ratio improved to 23.48%, reflecting its strong capital position.

The ratings emphasize SCBPL’s ability to maintain its market position amidst evolving domestic conditions, while ensuring asset quality and financial spreads.