JS Bank Limited has reported a 67% year-on-year increase in profit after tax to Rs4.3 billion for the nine months ended September 30, 2026, compared with Rs2.569 billion recorded during the corresponding period last year. The bank’s profit before tax also increased by 58% to Rs8.932 billion from Rs5.665 billion, reflecting improved financial performance during the reporting period. Earnings per share (EPS) rose to Rs2.10 from Rs1.25, highlighting higher profitability for shareholders as the bank continued to expand its balance sheet and strengthen its core banking operations.
The bank recorded positive growth in its balance sheet, with total assets increasing by 12% to Rs733.719 billion compared with Rs655.636 billion at the end of December 2025. Total deposits also increased by 10% to Rs598.123 billion from Rs543.502 billion over the same period. JS Bank further improved its deposit composition, with non-remunerative deposits accounting for 43.35% of total deposits, compared with 40.87% in December 2025. The increase indicates progress in strengthening its low-cost deposit base, which can support funding efficiency and overall profitability.
Operational performance received support from diversified revenue streams and controlled expenditure growth. Fee income increased by 4.34% to Rs3.828 billion during the nine-month period, while non-markup expenses rose by a comparatively moderate 3.3% to Rs23.152 billion. The bank also recorded a substantial improvement in credit loss allowances, reporting a net reversal of Rs1.733 billion compared with a net charge of Rs3.182 billion in the corresponding period last year. This change contributed to the improvement in reported profitability and reflected a different credit loss position during the two reporting periods.
During the period, JS Bank successfully completed its sixth Tier-2 Term Finance Certificate issuance, raising Rs4 billion to further strengthen its capital position. Supported by improved earnings and additional Tier-2 capital, the bank reported a Capital Adequacy Ratio of 13.30% as of September 30, 2026. The capital position provides support for its banking operations and financing activities while maintaining regulatory capital requirements. The latest results also reflect the bank’s efforts to improve its deposit structure, diversify income sources and maintain expenditure discipline amid changing conditions in Pakistan’s financial sector.
Commenting on the financial results, JS Bank President and Chief Executive Officer Basir Shamsie said the nine-month performance demonstrated continued progress in strengthening the bank’s financial position and expanding its core business. He identified deposit growth, an improved low-cost deposit mix and disciplined cost management as important developments during the period. Shamsie added that the bank would continue focusing on sustainable growth, improving customer experience and meeting the financing requirements of key sectors of Pakistan’s economy. The latest financial performance places JS Bank on a stronger earnings footing as it continues to pursue business expansion and operational improvements.
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