KARACHI: JS Bank Limited on Wednesday announced its financial results for the nine months ended September 30, 2026, reporting Profit Before Tax of Rs 8.932 billion, up 58 percent compared to Rs 5.665 billion for the corresponding period last year. Profit After Tax grew by 67 percent to Rs 4.300 billion from Rs 2.569 billion, while Earnings Per Share (EPS) increased to Rs 2.10 from Rs 1.25.
JS Bank maintained strong balance sheet momentum, with total assets growing by 12 percent to Rs 733.719 billion, compared to Rs 655.636 billion at December 2025. Total deposits increased by 10 percent to Rs 598.123 billion from Rs 543.502 billion. Importantly, the Bank continued to strengthen its deposit composition, with the share of non-remunerative deposits improving to 43.35 percent from 40.87 percent at December 2025, reflecting its strategic focus on building a sustainable, low-cost deposit base.
Operational performance was supported by diversified revenue streams, with fee income increasing by 4.34 percent to Rs 3.828 billion. At the same time, disciplined cost management contained the increase in non-markup expenses to just 3.3 percent, reaching Rs 23.152 billion.
During the nine-month period, the Bank recorded a net reversal of credit loss allowances amounting to Rs 1.733 billion, compared to a net charge of Rs 3.182 billion in the corresponding period last year, contributing significantly to the improvement in reported profitability.
In another positive development, the Bank successfully completed its sixth Tier-2 Term Finance Certificate (TFC) issuance of Rs 4 billion. Supported by improved profitability and additional Tier-2 capital, the Bank reported a Capital Adequacy Ratio (CAR) of 13.30 percent as at September 30, 2026.
Commenting on the results, Basir Shamsie, President & CEO of JS Bank, said: “Our nine-month performance reflects the steady progress we are making in strengthening JS Bank’s financial position and growing our core business. The continued growth in deposits, improvement in our low-cost deposit mix, and disciplined cost management are encouraging. We remain focused on sustainable growth, enhancing customer experience, and supporting the financing needs of key sectors of Pakistan’s economy.”
Copyright Business Recorder, 2026
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