Author Topic: SCBPL -- Standard Chartered Bank  (Read 18701 times)

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Offline MZ

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Re: SCBPL -- Standard Chartered Bank
« Reply #39 on: August 29, 2014, 07:29:11 PM »
SCB's profit before tax grows by Rs 7.3 billion in first half CY14

The Board of Directors of Standard Chartered Bank (Pakistan) Limited has declared an Interim cash dividend of 7.5 percent (Re0.75 per share) in respect of the half year ended June 30, 2014. Standard Chartered Bank (Pakistan) Limited has announced its H1 2014 results, according to which the bank continues to deliver consistent financial performance with nine percent increase in both revenue and net advances.

The Bank's profit (before tax) has grown by one percent to Rs 7.3 billion in H1 2014, with earnings per share up at Rs 1.22 per share from Rs 1.21 per share in H1 2013. Revenue has enhanced by nine percent in comparison with first half of 2013. Overall administrative expenses have slightly increased by six percent however, due to continuous cost discipline; the in-country administrative costs have increased by only two percent which is much below the ongoing rate of inflation in the country. Net advances increased by Rs 12 billion since the start of the year on account of pick up in lending. The deposit momentum continued with a growth of above five percent since the start of this year. The continuous increase in low cost deposits has significantly supported the bank's performance, current and savings account now comprising over 92 percent of the deposits base.

Commenting on the results Najam Siddiqi, Acting Chief Executive, Standard Chartered Bank (Pakistan) Limited, said, "The Bank continues to deliver a strong set of results for the first half of 2014. Our balance sheet remains a source of competitive advantage with a focus on diversity, high levels of liquidity and a strong capital position. We intend to maintain focus on positive jaws whilst continuing investment in the franchise. The Bank is dedicated to grow our business here and to provide the high quality of service and products to our clients".-PR

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Re: SCBPL -- Standard Chartered Bank
« Reply #39 on: August 29, 2014, 07:29:11 PM »

Offline MZ

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Re: SCBPL -- Standard Chartered Bank
« Reply #40 on: August 30, 2014, 10:05:26 AM »
SCB: fine, very fine

Standard Chartered Bank (Pakistan) Limited (SCB) has performance ratios that most local banks would die for. Although, the after-tax 1H CY14 profits largely remained flat year on year, the bank did boast further improvement in spreads, cost of funds, asset and liability mix and administrative cost control.

Spreads and NIMs are bound to be superior, when you have a CASA as high as 92 percent--streets ahead of others--both then local banks are not exactly an apple to apple comparison.

The top line growth was steady and has likely come on the back of increased advances, as the banks advances grew by around 9 percent since the beginning of CY14.

Investing in government securities was the order of the day during 2Q CY14, but it appears SCB did not lose focus, and most of the 5 percent incremental deposit went to productive advances.

Then again, not many have asset quality as good as SCBs--hence the appetite. The post provisioning income slid slightly, mainly on

back of slowdown in reversals.

The high base effect from yesteryear stalled the profit growth, which nevertheless, stayed sound.

The ever present non-mark-up income provide further impetus as dealing in foreign currencies, fee, commission and income from Sri Lankan operations all combined to fatten the bottom line. The banks cost control is exemplary, as its in-country administrative expenses increased by a mere two

percent year on year,

well below the average inflation.

The ADR is gradually inching up and SCB would not mind lending more aggressively should the opportunities arrive, especially when the NPLs are not much of a headache.

The low deposit cost and ever improving CASA makes it look better than ever.

==========================================================
Standard Chartered Bank (Pakistan) Limited
==========================================================
Rs (mn)                                               1HCY14   1HCY13     chg
==========================================================
Markup Earned                                   16,443   15,196      8%
Markup Expensed                               6,707    5,855     15%
Net Markup Income                            9,736    9,341      4%
Provisioning/(Reversal)                      -18     -682    -97%
Net Markup Income after provisions  9,753   10,023     -3%
Non Mark-up/Interest Income           4,132    3,387     22%
Operating Revenues                         13,885   13,410      4%
Non Mark-up / Interest Expenses     6,631    6,228      6%
Profit Before Taxation                       7,254    7,182      1%
Taxation                                           2,539    2,498      2%
Profit After Taxation                         4,715    4,684      1%
EPS (Rs)                                           1.22     1.21
==========================================================
 

Offline MZ

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Re: SCBPL -- Standard Chartered Bank
« Reply #41 on: March 07, 2015, 06:07:30 PM »
SCB (Pakistan) pre-tax profit rises 16 percent YoY

Standard Chartered Bank (Pakistan) Limited has announced its annual results for the year 2014. The bank delivered strong operating financial performance with a growth in revenue of 17 percent from last year to PKR 28.2 billion. The pre-tax profitability has also enhanced by 16 percent excluding the one off reversal in executive and general administrative expenses last year. The bank's overall profit (before tax) is at PKR 15.2 billion with Earnings Per Share at PKR 2.51.

These results are a testimony of the disciplined execution of the bank's strategy of improving profitability, whilst enhancing customer service and people engagement with a continued focus on controls. The growth in normalised profitability has been attributed to a steady revenue line which remains resilient and underpinned by consistent activity across the businesses and Standard Chartered Bank's network.

Due to strong risk management and prudent credit expansion, loan impairments remained low. The bank continues to maintain high provision coverage of over 90 percent against non-performing loans. With a tight discipline on administrative costs and excluding one off reversal last year, the overall costs increased by 4 percent despite inflation and continuous investments.

The deposit momentum continues with a growth of around 3 percent since the start of the year with current and savings accounts now comprising of 92 percent of the bank's deposit base. This resulted in the bank having one of the lowest costs of deposits in the industry. The balance sheet remains well capitalised and highly liquid. The surplus liquidity is deployed in government securities with a balanced mix of short and long-term securities. As the economy improves focus will be in building quality customer assets, prudently.

Final cash dividend of 15 percent (Rs 1.50 per share) has been recommended by the Board of Directors for approval at the ninth Annual General Meeting of the bank's shareholders. This is in addition to 7.50% (Re 0.75 per share) interim cash dividend announced during the year.

Commenting on the results, Shazad Dada, Chief Executive, 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."-PR

Offline hasnain0099

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Re: SCBPL -- Standard Chartered Bank
« Reply #42 on: March 08, 2015, 01:37:18 AM »
SCB (Pakistan) pre-tax profit rises 16 percent YoY

Standard Chartered Bank (Pakistan) Limited has announced its annual results for the year 2014. The bank delivered strong operating financial performance with a growth in revenue of 17 percent from last year to PKR 28.2 billion. The pre-tax profitability has also enhanced by 16 percent excluding the one off reversal in executive and general administrative expenses last year. The bank's overall profit (before tax) is at PKR 15.2 billion with Earnings Per Share at PKR 2.51.

These results are a testimony of the disciplined execution of the bank's strategy of improving profitability, whilst enhancing customer service and people engagement with a continued focus on controls. The growth in normalised profitability has been attributed to a steady revenue line which remains resilient and underpinned by consistent activity across the businesses and Standard Chartered Bank's network.

Due to strong risk management and prudent credit expansion, loan impairments remained low. The bank continues to maintain high provision coverage of over 90 percent against non-performing loans. With a tight discipline on administrative costs and excluding one off reversal last year, the overall costs increased by 4 percent despite inflation and continuous investments.

The deposit momentum continues with a growth of around 3 percent since the start of the year with current and savings accounts now comprising of 92 percent of the bank's deposit base. This resulted in the bank having one of the lowest costs of deposits in the industry. The balance sheet remains well capitalised and highly liquid. The surplus liquidity is deployed in government securities with a balanced mix of short and long-term securities. As the economy improves focus will be in building quality customer assets, prudently.

Final cash dividend of 15 percent (Rs 1.50 per share) has been recommended by the Board of Directors for approval at the ninth Annual General Meeting of the bank's shareholders. This is in addition to 7.50% (Re 0.75 per share) interim cash dividend announced during the year.

Commenting on the results, Shazad Dada, Chief Executive, 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."-PR
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Offline DK

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Re: SCBPL -- Standard Chartered Bank
« Reply #43 on: May 21, 2015, 12:02:10 PM »
Seniors plz check there is a rumor of merger talk in SCB, some foreign bank is taking interest most probably from USA or China.

any one any info plz share!!

Offline DK

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Re: SCBPL -- Standard Chartered Bank
« Reply #44 on: June 08, 2015, 05:11:18 PM »
SCB reducing its branches, increasing assets value, liquidity + rating....... does this not signals a merger?

Offline SBM

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Re: SCBPL -- Standard Chartered Bank
« Reply #45 on: August 27, 2015, 09:28:18 AM »
I hate waking up.

Offline Koolfire

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Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline Koolfire

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Re: SCBPL -- Standard Chartered Bank
« Reply #47 on: March 06, 2016, 02:37:47 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline alicima

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Re: SCBPL -- Standard Chartered Bank
« Reply #48 on: April 27, 2016, 05:18:07 PM »


Offline SBM

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I hate waking up.

Offline Koolfire

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Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline BlueClub

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Re: SCBPL -- Standard Chartered Bank
« Reply #51 on: August 30, 2017, 02:45:39 AM »
Atleast something I have bought is moving up.  :fingerscrossed1:
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Offline Koolfire

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Offline Koolfire

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Re: SCBPL -- Standard Chartered Bank
« Reply #53 on: March 09, 2018, 08:14:04 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

aharoon

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Re: SCBPL -- Standard Chartered Bank
« Reply #54 on: December 13, 2018, 10:41:57 PM »
Aaj Kal bohat volume kar raha hai
Anything special?? :skeptic:

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