Standard Chartered Bank Zambia Reports 26% Drop in Half-Year Earnings
Standard Chartered Bank Zambia Plc (SCBZ) has announced a decline in its half-year earnings, with Earnings per Share (EPS) for the six months ended 30 June 2025 falling to K0.10, down 26% from K0.13 recorded in the same period last year.
According to the Bank’s trading statement, total income stood at ZMW673 million, representing a 16% year-on-year reduction. Interest income from loans and advances contributed 15% to earnings, while income from government securities surged by 49%, driven by an expansion in balance sheet holdings.
Non-interest income, however, dropped 27% year-on-year, largely due to lower revenues from loan fees and reduced commissions on fixed income transactions, reflecting weaker volumes. Operating expenses edged up by 1% despite annual inflation of 13%, with the Bank highlighting ongoing efforts to manage costs prudently.
A notable development was the impairment recovery of ZMW62 million compared with ZMW8 million in 2024, attributed mainly to higher expected credit loss releases on loans to banks and customers. Profit after tax for the period was recorded at ZMW162 million.
The Bank’s balance sheet remained broadly stable, with total assets and liabilities rising modestly by 1% year-on-year, from ZMW16.2 billion to ZMW16.5 billion, signalling disciplined financial management.
Standard Chartered Bank Zambia said its results for the six-month period would be released on SENS and published in the local press on or about 26 September 2025. Shareholders have been advised to exercise caution when dealing in the company’s securities until publication of the full results.
By order of the Board, Company Secretary Doris Tembwe issued the notice in Lusaka.
