Easypaisa Digital Bank has achieved a historic milestone in the first quarter of 2026, solidifying its position as the premier digital retail bank in Pakistan with a record-breaking financial performance. For the quarter ending March 31, 2026, the bank reported a staggering profit before tax of PKR 3.66 billion, representing a massive 4.4x increase compared to the PKR 0.84 billion recorded during the same period last year. This exponential growth in profitability resulted in a profit after tax of PKR 1.49 billion, yielding earnings per share of Rs 2.47. The bank’s ability to scale so rapidly underscores the shifting dynamics of the Pakistani financial landscape, where digital-first institutions are increasingly outperforming traditional models.
The bank’s exceptional performance was supported by a stabilizing macroeconomic environment in Pakistan, characterized by consecutive current account surpluses and steady inflows under the IMF Extended Fund Facility. Taking advantage of this constructive backdrop, Easypaisa saw broad-based revenue growth of 24 percent year-on-year. Net markup income rose by 22 percent, fueled by a strategic expansion of the lending portfolio and a highly active treasury book. Additionally, fee-based income saw a robust 27.1 percent increase, driven by higher demand for payment services, load transactions, and mobile bundle subscriptions, proving that the bank’s ecosystem is becoming an essential part of daily consumer life.
A key factor in the bank’s bottom-line strength was a significant reduction in net provision charges. This improvement reflects a healthier digital lending portfolio with lower default rates and successful recovery efforts from previously written-off exposures. While operating expenses did rise by 22 percent, the bank clarified that these costs were a deliberate investment in customer and merchant acquisition. By prioritizing retention and ecosystem expansion, Easypaisa is ensuring that its growth remains sustainable and that its platform remains the most accessible entry point for millions of unbanked or underbanked individuals across the country.
The balance sheet of Easypaisa Digital Bank now reflects total assets of PKR 217.6 billion, with customer deposits experiencing a remarkable 52 percent year-on-year surge to reach PKR 153.4 billion. The bank maintains an incredibly healthy deposit structure, with current and savings account ratios standing at 97.7 percent. Furthermore, the bank’s asset quality remains superior, with non-performing loans kept at a low 3.03 percent and a coverage ratio of 164 percent. With a capital adequacy ratio of 21.27 percent, the bank is operating well above regulatory requirements, providing it with ample room for further innovation and expansion.
Jahanzeb Khan, the Chief Executive Officer of Easypaisa Digital Bank, noted that this record performance is a testament to the trust customers place in digital-first financial services. He emphasized the bank’s vision of empowering the nation through technology and its commitment to simplifying financial access at a massive scale. Currently serving over 22 million monthly active users, including 3 million new digital users added over the last year, the bank is at the forefront of Pakistan’s financial inclusion journey. Moving forward, the institution plans to accelerate its growth by introducing new products and enhancing digital experiences to ensure that inclusive financial participation becomes a reality for every citizen.
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