JS Bank's nine-month profit after tax rises 67% to Rs4.3 billion

JS Bank Limited (PSX: JSBL) announced its financial results for the nine months ended September 30, 2026, reporting a 67% increase in profit after tax to PKR 4.300 billion, compared with PKR 2.569 billion in the same period last year.

Profit before tax was PKR 8.932 billion, up 58% from PKR 5.665 billion a year earlier. Earnings per share rose to PKR 2.10 from PKR 1.25.

The bank's total assets grew 12% to PKR 733.719 billion from PKR 655.636 billion at December 2025. Total deposits increased 10% to PKR 598.123 billion from PKR 543.502 billion.

The share of non-remunerative deposits in the deposit base improved to 43.35% from 40.87% at December 2025.

Fee income increased 4.34% to PKR 3.828 billion, while non-markup expenses rose 3.3% to PKR 23.152 billion.

The bank recorded a net reversal of credit loss allowances of PKR 1.733 billion in the nine-month period. In the corresponding period last year it had recorded a net charge of PKR 3.182 billion.

JS Bank also completed its sixth Tier-2 Term Finance Certificate issuance of PKR 4 billion. Its Capital Adequacy Ratio was 13.30% as at September 30, 2026.

Basir Shamsie, President and 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."