BankingStandard Chartered Bank

Standard Chartered Bank delivers record performance in 1Q22

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a record performance in first quarter of 2022, leading to a growth of 101 percent in profit before tax to Rs11.8 billion. Profit after tax grew by 119 percent year on year to Rs7.1 billion

State Life Insurance breaks all previous financial growth results in 2021


Overall revenue grew by 72 percent to deliver the highest ever quarterly revenue of Rs14.3 billion. Net interest income grew by 36 percent year on year, primarily driven by volume upside from strong balance sheet growth. Non funded income recorded a growth of 167 percent, impelled by strong performance in FX, derivatives and securities trading.


TAG Confirms – TikTok has achieved TAG Certified Against Fraudstatus for 2022

Operating expenses continue to be well managed through operational efficiencies and disciplined spending with an increase of 8 percent from comparative period last year. Moreover, robust recoveries of bad debts, coupled with prudent risk approach led to a net release of Rs0.7 billion in first quarter of 2022 compared to a net release of Rs0.6 billion in the comparative period.


All businesses have positive momentum with strong growth in underlying drivers. This is evident from pickup in net advances, which have grown by Rs17.8 billion (up 8 percent) since the start of this year. On the liabilities side, the Bank’s total deposits grew by Rs23.2 billion (up 4 percent), whereas current and saving accounts grew by Rs27.8 billion (up 5 percent) since the start of this year and comprise 93 percent of the deposit base.

Pakistan Business Council (PBC) welcomes the establishment of the EAC

As of now over Rs4 billion have been dispersed under Mera Pakistan Mera Ghar scheme.

SCBPL is also amongst the top five contributors towards the Roshan Digital initiative and channelled remittances of over US$350 million since inception and contributed US$300 million to the investments in Naya Pakistan Certificate (NPC).

Health experts and others reject OICCI’s recommendation regarding sugary drinks and juices tax

Press Release

TechnologyPlus PK (English/Urdu) is an emerging website in Pakistan. It covers specially tech/telecom news, startups, business and also covering general business news. Keep in touch.

Leave a Reply

Your email address will not be published.

Back to top button