Jun 28

Standard Chartered facilitated by BenchMatrix

KARACHI: BenchMatrix has successfully facilitated Standard Chartered Bank Pakistan (SCBPL) in the installation and implementation of its RiskNucleus GRC, with the goal to digitize the Bank’s compliance risk management processes. The implementation of this comprehensive solution will assist Standard Chartered in holistically managing compliance processes and ensure regulatory compliance. The solution is a well-integrated system […]

by Faisal Shah

SCBPL launches project to empower youth with disabilities

May 25

Money & Banking

SCBPL launches project to empower youth with disabilities

KARACHI: Standard Chartered Bank Private Ltd. (SCBPL) has launched a project for economic empowerment of youth with disabilities. The Futuremakers Inclusive Employability project which focuses on economic empowerment of youth with disabilities. This project is part of ‘Futuremakers by Standard Chartered’ – the Bank’s global initiative to tackle inequality, by promoting economic-inclusion for young people, […]

by Faisal Shah

Standard Chartered Bank declares Rs13.72 bn as annual profit

Feb 18

Corporate, Money & Banking

Standard Chartered Bank declares Rs13.72 bn as annual profit

KARACHI: Standard Chartered Bank (Pakistan) Limited on Friday announced Rs13.72 billion as net profit for the year ended December 31, 2021. The net profit of the bank slightly up when compared with Rs13.13 billion in the preceding year ended December 31, 2020, according to the financial results submitted to the Pakistan Stock Exchange (PSX). READ […]

by Faisal Shah

Bank Alfalah tops in house financing under MPMG

Dec 25

Money & Banking, National, Top stories

Bank Alfalah tops in house financing under MPMG

KARACHI: Bank Alfalah has secured the top position in house financing under the government’s flagship Mera Pakistan Mera Ghar (MPMG). According to a statement issued by the State Bank of Pakistan (SBP), Bank Alfalah secured the top position followed by Meezan Bank Limited and Standard Chartered Bank Limited. A ceremony was held on Friday at […]

by Anjum Shah

SCBL posts 17% decline in net profit during nine months

Oct 28

Corporate, Money & Banking, Top stories

SCBL posts 17% decline in net profit during nine months

KARACHI: Standard Chartered Bank (Pakistan) Limited (SCBL) on Thursday announced a 17 per cent decline in profit after tax for the nine months period ended September 30, 2021. The bank declared Rs9.91 billion as profit after tax during January – September 2021 as compared with Rs11.91 billion in the corresponding period of the last year. […]

by Anjum Shah

Standard Chartered Bank declares 18pc fall in annual profit

Mar 5

Corporate, Money & Banking

Standard Chartered Bank declares 18pc fall in annual profit

KARACHI: Standard Chartered Bank (Pakistan) has declared annual profit of Rs13.13 billion for the year ended December 31, 2020, which was reduced by 18 percent when compared with Rs16 billion in the preceding year. According to financial results shared with the Pakistan Stock Exchange (PSX) on Friday, the fall in annual profit may be attributed […]

by Anjum Shah

Standard Chartered Pakistan announces 42.5% growth in after tax profit

Mar 5

Corporate, Money & Banking

Standard Chartered Pakistan announces 42.5% growth in after tax profit

KARACHI: Standard Chartered Bank Pakistan has declared massive growth of 42.5 percent in after tax profit for the year ended December 31, 2019. The bank declared Rs16.017 billion profit after tax for the year 2019 as compared with Rs11.239 billion in the last year. The bank also declared earnings per share at Rs4.14 as compared […]

by Anjum Shah

SCB Pakistan allowed Chinese Yuan clearing, settlement

Mar 19

Money & Banking

SCB Pakistan allowed Chinese Yuan clearing, settlement

KARACHI: State Bank of Pakistan (SBP) has allowed Standard Chartered Bank, Pakistan to establish local Chinese Yuan Renminbi (CNY) clearing and settlement setup in the country. In a statement on Tuesday, the central banks said that Standard Chartered Bank (SCB) Pakistan can now open CNY accounts of the banks operating in Pakistan to facilitate settlement […]

by Faisal Shah