JS Bank Records Consolidated Profit Before Tax of PKR 30.7 Billion in 2024

04 March 2025, Karachi, Pakistan – JS Bank Limited continued to strengthen itself through sustainable growth and innovative financial solutions, solidifying its position as one of the fastest-growing banks in the country. As a result, JS Bank recorded a consolidated Profit Before Tax (PBT) of PKR 30.7 billion for the year 2024 as compared to PKR 18.7 billion for the year 2023, showing a growth of 64%. Whereas on a standalone basis, the PBT stood at PKR 6.4 billion for the same year.
The bank’s profitability, based on the consolidated financial statements, was driven by an 87.2% surge in net mark-up/interest income, which reached PKR 73.9 billion compared to PKR 39.5 billion last year.
The increase was coupled by a 67.8% rise in mark-up/interest earned, amounting to PKR 221.5 billion and optimization of funding pool to contain the increase in interest expense at a level of 59% YoY. Additionally, non-markup income contributed significantly rising by 23.3% to PKR 16.28 billion, with Fee and Commission income increase by 52% YoY to reach at PKR 8.98 billion (2023: PKR 5.97 billion), and a 288.64% increase in gains on securities.
The Earnings per Share (EPS) stood at PKR 5.03, based on consolidated financial statements, and on a standalone basis at PKR 1.39. However, as compared to the last year, the consolidated EPS declined by 16.17% to PKR 5.03 from PKR 6, primarily due to the impact of increased taxation.
Moreover, the Bank’s consolidated deposits stood over PKR 1.1 trillion, and on a standalone basis, the deposits were at PKR 525 billion. JS Bank continues to strengthen its position in the banking sector with a focus on sustainable growth and innovation through its aggressive approach in SME investments, women-empowering products, and Green Financing (including public driven solar schemes). The Bank’s consolidated network expanded by over 120 branches across Pakistan, which has increased touch points for customers.
The Bank is delivering value to its stakeholders and contributing to the sustainable economic development of Pakistan.
About JS Bank 
JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. JS Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.