Karachi, May 6, 2025 – easypaisa Digital Bank has reported a profit before tax of PKR 840 million for the quarter ending March 31, 2025. While this represents a decline compared to PKR 1,028 million in the same quarter of the previous year, the bank demonstrated significant resilience and growth in key areas, signaling strong operational health in a changing economic environment.
The financial results were approved by the Board of Directors during a meeting held on April 23, 2025. The bank managed to deliver a robust revenue increase of 36.2 percent despite the State Bank of Pakistan’s sharp reduction of its discount rate from 22 percent to 12 percent. This growth was driven by solid expansion in both deposit and lending portfolios, which formed the backbone of the bank’s performance during the quarter.
easypaisa Digital Bank’s net markup income rose by 24.2 percent, while non-markup income surged by 55.6 percent. This growth in non-markup income was largely fueled by increased adoption of digital services including cash transactions, online payments, bundled offerings, corporate disbursements, collections, and insurance products. These diverse revenue streams highlight the strength and flexibility of the bank’s fintech-driven business model.
Administrative expenses also saw an uptick during the quarter. However, this increase is attributed to the bank’s continued investments in enhancing its technology infrastructure, hiring skilled talent, and improving operational processes. These initiatives are part of easypaisa’s broader strategy to position itself for sustainable, long-term growth in Pakistan’s increasingly competitive digital banking landscape.
One of the key highlights of the quarter was the significant increase in customer deposits, which reached PKR 101 billion as of March 31, 2025—a 59.7 percent year-on-year rise. This growth is credited to the bank’s launch of new savings tools such as digital term deposits and savings pockets, aimed at making financial planning easier and more accessible for a wide range of users.
The bank also maintained an impressive Current Account Savings Account (CASA) ratio of 98.7 percent while keeping its cost of deposits low at just 1.4 percent. This efficient deposit structure played a crucial role in supporting the bank’s profitability and liquidity position during the quarter.
In terms of capitalization, easypaisa Digital Bank reported a strengthened equity base of PKR 14.9 billion, representing a 71.7 percent increase. This boost was supported by retained earnings and a USD 10 million capital injection from the bank’s sponsors in the last quarter of 2024. The additional capital underlines investor confidence in the bank’s strategic direction and long-term potential.
Reflecting its robust financial position, disciplined risk management, and consistent profitability, PACRA upgraded easypaisa Digital Bank’s credit rating from ‘A’ to ‘A+’. This upgrade reinforces the institution’s growing reputation as one of Pakistan’s most stable and forward-looking digital banks.
With its strong performance in Q1 2025, easypaisa Digital Bank remains well-positioned to continue leading innovation in digital finance, expand financial inclusion, and drive the evolution of Pakistan’s fintech ecosystem.