JS Bank Limited (PSX: JSBL) today announced its financial results for the nine months ended September 30, 2026, reporting Profit Before Tax of PKR 8.932 billion, up 58% compared to PKR 5.665 billion for the corresponding period last year. Profit After Tax grew by 67% to PKR 4.300 billion from PKR 2.569 billion, while Earnings Per Share (EPS) increased to PKR 2.10 from PKR 1.25.
JS Bank maintained strong balance sheet momentum, with total assets growing by 12% to PKR 733.719 billion, compared to PKR 655.636 billion at December 2025. Total deposits increased by 10% to PKR 598.123 billion from PKR 543.502 billion. Importantly, the Bank continued to strengthen its deposit composition, with the share of non-remunerative deposits improving to 43.35% from 40.87% 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% to PKR 3.828 billion. At the same time, disciplined cost management contained the increase in non-markup expenses to just 3.3%, reaching PKR 23.152 billion.
During the nine-month period, the Bank recorded a net reversal of credit loss allowances amounting to PKR 1.733 billion, compared to a net charge of PKR 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 PKR 4 billion. Supported by improved profitability and additional Tier-2 capital, the Bank reported a Capital Adequacy Ratio (CAR) of 13.30% 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.”
