JS Bank Reports 67% Growth in Nine-Month Profit After Tax to Rs 4.3 Billion

KARACHI: JS Bank Limited has reported a 67% year-on-year increase in profit after tax to Rs 4.3 billion for the nine months ended September 30, 2026, compared to Rs 2.569 billion in the corresponding period last year.

The Bank's profit before tax rose by 58% to Rs 8.932 billion, up from Rs 5.665 billion a year earlier. Earnings per share (EPS) also increased to Rs 2.10 from Rs 1.25.

JS Bank maintained positive balance sheet growth during the period, with total assets increasing by 12% to Rs 733.719 billion, compared to Rs 655.636 billion at December 2025. Total deposits grew by 10% to Rs 598.123 billion from Rs 543.502 billion.

The Bank also improved its deposit mix, with non-remunerative deposits accounting for 43.35% of total deposits, compared to 40.87% at December 2025. The improvement reflects the Bank's focus on strengthening its low-cost deposit base.

Operational performance was supported by growth in diversified revenue streams, with fee income increasing by 4.34% to Rs 3.828 billion. Meanwhile, non-markup expenses rose by a modest 3.3% to Rs 23.152 billion, reflecting continued cost management discipline.

The Bank's profitability was also supported by a significant improvement in credit loss allowances. JS Bank recorded a net reversal of Rs 1.733 billion during the nine-month period, compared to a net charge of Rs 3.182 billion in the corresponding period last year.

During the period, JS Bank successfully completed its sixth Tier-2 Term Finance Certificate (TFC) issuance, raising Rs 4 billion. Supported by improved profitability and additional Tier-2 capital, the Bank reported a Capital Adequacy Ratio (CAR) of 13.30% as of September 30, 2026.

Commenting on the results, Basir Shamsie, President and CEO of JS Bank, said the nine-month performance reflected steady progress in strengthening the Bank's financial position and expanding its core business.

He highlighted continued deposit growth, an improved low-cost deposit mix and disciplined cost management as encouraging developments, adding that the Bank would remain focused on sustainable growth, enhancing customer experience and supporting the financing needs of key sectors of Pakistan's economy.