JS Bank Reports 67% Growth in Profit After Tax to Rs4.3 Billion in 9M 2026
The bank’s profit before tax rises 58% to Rs8.93 billion, while deposits increase 10% to Rs598.12 billion during the nine months ended September 30.
JS Bank: Profit after tax rises 67% to Rs4.3 billion in the first nine months of 2026.
JS Bank Limited (PSX: JSBL) has reported a 67% year-on-year increase in profit after tax (PAT) to Rs4.3 billion for the nine months ended September 30, 2026.
The bank recorded profit before tax (PBT) of Rs8.932 billion, up 58% from Rs5.665 billion in the corresponding period last year. Earnings per share (EPS) also rose to Rs2.10 from Rs1.25.
Assets and Deposits Maintain Growth
JS Bank continued to expand its balance sheet during the reporting period.
Total assets increased by 12% to Rs733.719 billion, compared with Rs655.636 billion at the end of December 2025.
Meanwhile, total deposits rose 10% to Rs598.123 billion from Rs543.502 billion.
The bank also improved its deposit mix. Non-remunerative deposits accounted for 43.35% of total deposits, compared with 40.87% in December 2025. This improvement reflects the bank’s focus on building a sustainable, low-cost deposit base.
Fee Income Rises as Costs Remain Controlled
Diversified revenue streams supported the bank’s operating performance.
Fee income increased by 4.34% to Rs3.828 billion. At the same time, non-markup expenses rose by just 3.3% to Rs23.152 billion, reflecting disciplined cost management.
JS Bank also recorded a net reversal of credit loss allowances of Rs1.733 billion during the nine-month period. In the corresponding period last year, the bank had recorded a net charge of Rs3.182 billion.
This reversal contributed significantly to the improvement in reported profitability.
Rs4 Billion Tier-2 TFC Issuance Completed
JS Bank successfully completed its sixth Tier-2 Term Finance Certificate (TFC) issuance, raising Rs4 billion.
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Supported by stronger profitability and additional Tier-2 capital, the bank reported a Capital Adequacy Ratio (CAR) of 13.30% as of September 30, 2026.
CEO Highlights Sustainable Growth Strategy
Commenting on the results, JS Bank President and CEO Basir Shamsie said the nine-month performance reflected steady progress in strengthening the bank’s financial position and expanding its core business.
He highlighted deposit growth, an improved low-cost deposit mix and disciplined cost management as encouraging developments.
Shamsie added that the bank would continue to focus on sustainable growth, improving customer experience and supporting the financing needs of key sectors of Pakistan’s economy.
