JS Bank Limited has released its financial results for the half-year ended June 30, 2025, reporting steady income growth and a significant milestone in deposits despite a decline in profitability compared to the same period last year. The bank’s total income stood at PKR 21.367 billion, reflecting a 10% increase from PKR 19.354 billion in the corresponding period of 2024.
The bank posted a profit before tax (PBT) of PKR 3.488 billion for the half-year, compared to PKR 5.447 billion in the prior year period. The decline in profitability was attributed to lower foreign exchange earnings as well as higher credit loss allowances. However, these pressures were partially mitigated by stronger capital gains realized during the reporting period. On a consolidated basis, profit after tax (PAT) came in at PKR 5.324 billion, down from PKR 9.703 billion in the same half of last year.
One of the key achievements during this period was the bank surpassing PKR 200 billion in current account deposits, a landmark that underscores its growing strength as a financial institution. With current accounts now representing more than 40% of its deposit base, JS Bank has successfully strengthened its liquidity profile while lowering its overall cost of funds. This milestone also reflects growing customer confidence in the bank’s services and its focus on maintaining competitive products in a highly dynamic financial sector.
Operating expenses increased in line with the bank’s strategy of continued investment in people, technology, and infrastructure. These investments are aimed at enhancing the customer experience, expanding digital banking capabilities, and supporting long-term sustainable growth. Industry analysts note that rising costs in this area are common among banks that are scaling their operations and modernizing systems to keep pace with customer expectations and regulatory demands.
Commenting on the results, Basir Shamsie, President and CEO of JS Bank, highlighted the importance of income diversification and strategic growth. “JS Bank has always focused on strengthening income diversification and building resilience. The strong growth in non-markup income and securities gains is a testament to the effectiveness of our strategy. Achieving PKR 200 billion in current account deposits marks another important milestone in our journey. As we move forward, we remain committed to expanding our footprint, driving digital adoption, and creating sustainable value for our customers and stakeholders.”
The bank’s focus on non-markup income sources, coupled with effective management of its securities portfolio, helped cushion the decline in forex earnings during the half-year. The leadership reiterated its commitment to pursuing digital transformation, expanding retail and corporate banking services, and leveraging technology to enhance accessibility.
JS Bank has emerged as one of the fastest-growing banks in Pakistan’s competitive financial landscape, consistently working toward aligning itself with global best practices while addressing the local market’s needs. The latest results reaffirm the bank’s resilience in navigating challenges while continuing to strengthen its deposit base and digital adoption strategy.
Looking ahead, market observers expect JS Bank to maintain its focus on technology-driven growth, expanding its presence across key segments, and driving financial inclusion in line with broader industry trends. While profitability faced headwinds in the first half of 2025, the bank’s solid fundamentals, deposit growth, and diversification initiatives position it for sustainable performance in the coming quarters.