The digital banking landscape in Pakistan has reached a new pinnacle as easypaisa digital bank announced a record-breaking performance for the first quarter of 2026. Transitioning successfully as the first digital retail bank in the country, the institution reported a monumental increase in profitability, signaling a shift in how Pakistanis manage their finances. For the quarter ending March 31, 2026, the bank achieved a profit before tax of PKR 3.66 billion, representing a staggering 4.4 times increase compared to the PKR 0.84 billion recorded during the same period last year. This surge in earnings highlights the rapid adoption of digital-first financial services in a market traditionally dominated by brick-and-mortar institutions.
The bank’s financial health was further solidified with a profit after tax of PKR 1.49 billion and earnings per share of Rs. 2.47. This growth trajectory was supported by a stabilizing macroeconomic environment in Pakistan, characterized by consecutive current account surpluses and support from international financial agreements. These broader economic tailwinds provided a fertile ground for the bank to expand its operations. Revenue growth was broad-based, rising 24 percent year-on-year. Specifically, net markup income saw a 22 percent rise, fueled by a strategic expansion in both the lending portfolio and treasury operations, while fee-based income jumped by over 27 percent due to increased demand for payment services and digital bundles.
A critical factor in the bank’s heightened profitability was the significant improvement in asset quality and credit management. Net provision charges saw a sharp decline, a result of lower default rates within the digital lending segment and successful recoveries from previous write-offs. While operating expenses did rise by 22 percent, the bank categorized this as a strategic investment toward customer and merchant acquisition. By prioritizing the expansion of its digital ecosystem, easypaisa is positioning itself as an indispensable utility for both retail consumers and small-scale merchants across the country.
On the balance sheet side, the growth was equally impressive. Total assets reached PKR 217.6 billion by the end of March 2026, while customer deposits surged by 52 percent year-on-year to hit PKR 153.4 billion. The bank maintains an exceptionally healthy deposit mix, with current and savings account ratios standing at 97.7 percent. This high liquidity allowed for total advances of PKR 27.3 billion. Despite the aggressive growth in lending, the bank has maintained a strong capital adequacy ratio of 21.27 percent, which is significantly higher than the requirements set by the regulator, ensuring long-term institutional stability.
Chief Executive Officer Jahanzeb Khan emphasized that this performance is a reflection of the trust built with the Pakistani public and a commitment to disciplined execution. He noted that the bank’s vision remains centered on empowering the population through simplified and secure digital banking solutions. Similarly, Chief Financial Officer Amin Sukhiani pointed out that the results validate the power of a digital-first business model in reaching millions who were previously underserved by the formal financial sector. The bank’s ability to scale is evident in its user base, which now includes over 22 million monthly active users, adding 3 million new digital users in just one year.
As easypaisa digital bank moves forward into the remainder of 2026, its focus appears set on continued innovation and inclusive financial participation. By leveraging data-driven insights to refine its digital lending and payment products, the bank aims to further lower the barriers to entry for financial services. This record-breaking quarter not only cements its leadership position in the local fintech space but also sets a high benchmark for the digital banking industry across the region. The success of this model suggests that the future of Pakistani finance is increasingly mobile, accessible, and digital.
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