easypaisa digital bank has announced its financial results for the first half of 2025, recording a profit before tax of Rs. 3.64 billion for the six months ending June 30, 2025. The results reflect a significant 39.4% increase compared to Rs. 2.61 billion reported during the same period last year, underlining the growing strength of Pakistan’s leading digital retail bank.
The performance was driven by a strong surge in both markup and non-markup income. Despite the State Bank of Pakistan reducing the discount rate from 20% to 11% following easing inflationary pressures, the bank benefited from its growing digital lending portfolio. Net markup income expanded by 15.6%, supported by increased demand for credit products. At the same time, non-markup income jumped by 60.5%, fueled by higher transaction volumes in cash deposits and withdrawals, as well as revenue from load and bundle products, commissions on corporate disbursements, and insurance services.
Operating expenses grew by 9.6% as the bank continued to invest in technology infrastructure, workforce expansion, and customer acquisition to support its long-term growth plans. However, the impact was offset by efficient cost management, resulting in a notable improvement in the cost-to-income ratio, which declined from 80.5% last year to 66.9% in the latest reporting period.
The bank’s digital ecosystem continued to scale rapidly. Monthly active users (MAUs) rose to 18.2 million, while customer deposits reached Rs. 94.7 billion, reflecting a 41.3% year-on-year increase. This strong deposit growth was attributed to enhanced customer confidence following easypaisa’s transition into a fully licensed digital retail bank. The CASA ratio remained exceptionally high at 98.1%, with the cost of deposits among the lowest in the banking sector at 1.57%.
On the lending side, total advances stood at Rs. 27.7 billion, resulting in a loan-to-deposit ratio of 25%. Non-performing loans were reported at 16.1%, while coverage remained solid at 91.4%. The bank’s equity stood at Rs. 16.8 billion, and its Capital Adequacy Ratio (CAR) was comfortably maintained at 20.52%, demonstrating financial resilience.
Jahanzeb Khan, President and CEO of easypaisa digital bank, expressed confidence in the institution’s growth momentum. He remarked that the profitability highlights the bank’s mission to drive digital financial inclusion and accelerate Pakistan’s shift toward a cashless economy. He emphasized that customer-centric innovation remains at the core of the bank’s strategy, with several new products and services set to launch in the near future.
Supporting this outlook, Amin Sukhiani, Chief Financial Officer of easypaisa digital bank, noted that the institution is now preparing to expand its offerings into areas such as foreign exchange services, Islamic banking products, credit cards, remittances, and Buy Now Pay Later solutions. He further highlighted the bank’s focus on merchant expansion under the government’s cashless initiative, alongside efforts to strengthen its insurance marketplace to deliver greater value across its ecosystem.
With more than 55 million registered users, easypaisa continues to lead Pakistan’s digital financial services landscape as the country’s first digital bank to commence commercial operations. Aligning with the State Bank of Pakistan’s broader vision for inclusive growth, easypaisa remains committed to empowering both banked and unbanked populations by offering accessible, innovative, and secure financial solutions.