The Pakistan Credit Rating Agency Limited
23-Jun-26
Analyst
Muhammad Umer Munir
umer.munir@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Financial Institution Rating | Oct-25
- Methodology | Rating Modifiers | Apr-26
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-26
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Withdraws the Ratings of Standard Chartered Bank Pakistan Limited
| Rating Type | Entity | |
|
Current (23-Jun-26 ) |
Previous (23-Jun-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | AAA |
| Short Term | - | A1+ |
| Outlook | Stable | |
| Rating Watch | - | - |
The management of the bank has decided to discontinue the ratings of the bank with PACRA. Hence, ratings of the bank are being withdrawn with immediate effect.
.
About
the Entity
SCBPL, established in Pakistan in July 2006, is predominantly owned (98.99%) by Standard Chartered PLC, operating through a network of 40 branches across 10 cities as of Dec'24, including 2 Islamic branches and 1 branch located in the Export Processing Zone. With a strong focus on digitalization in recent years, this emphasis is set to persist. Standard Chartered PLC holds credit ratings of ''A+'' (S&P), ''A3'' (Moody’s), and ''A'' (Fitch) as of CY24. SCBPL's seven-member Board includes four members from the Standard Chartered Group, including CEO Mr. Rehan Shaikh, alongside independent or non-executive directors. Mr. Shaikh, a seasoned banker, is assisted by an experienced team.