Standard Chartered Bank Limited (SCB) has published its financial statements for the second quarter of the current fiscal year. As per the details, the net profit has decreased along with the business of the bank.

The bank has earned a net profit of Rs. 727.6 million as of mid-January of the current fiscal year. This is Rs. 499.2 million or 40.69 percent less than the corresponding period of the previous fiscal year. The bank had earned a net profit of Rs 1.22 billion in the corresponding period of the previous fiscal year.

The net profit has declined as the bank's business has shrunk and net interest income and operating profit have declined. The distributable profit of the bank during the period was Rs. 616.4 million.

Along with net profit, the bank's earnings per share has also declined. Such income of the bank, which was Rs. 30.63 paise till mid-January of the last fiscal year, has come down to Rs. 16.98 paise in the corresponding period of the current fiscal year. The bank's net worth per share stood at Rs 182.47 during the period, while the price-to-earnings ratio stood at 39.41 times.

The bank's deposits have fallen from Rs 95.2 billion to Rs 83.50 billion in the last six months. Similarly, the bank's credit investment has declined from Rs 53.92 billion to Rs 53.12 billion.

During the review period, the base rate of the bank dropped to 6.07 percent from 7.33 percent. Similarly, the bank's spread rate has come down from 5.93 percent to 4.21 percent.