KARACHI: JS Bank Limited on Tuesday announced its financial results for the half year ended June 30, 2026, reporting a profit before tax of Rs6.640 billion, up 90 percent compared with Rs3.488 billion for the same half of the last year.
Profit after tax grew 105 percent to Rs3.199 billion from Rs1.557 billion, driving earnings per share (EPS) up to Rs1.56 from Re0.76.
JS Bank’s balance sheet demonstrated robust growth, with total assets expanding by 16 percent over December 2025. The Bank’s total deposit base grew by 17 percent, led by a strong 22 percent increase in non-remunerative deposits, which reached Rs271.560 billion as of June 2026.
Consequently, the non-remunerative deposit mix further strengthened to 43 percent, up from 41 percent at December 2025, helping sustain core earnings amid declining rates. With stricter cost discipline and controlled spending, the Bank’s non-markup expenses remained relatively flat at Rs14,678 million. In another positive development, the bank successfully closed its sixth Tier-2 Term Finance Certificate (TFC) issue worth Rs4 billion, with Rs3.5 billion subscription money received before June 30, 2026.
The bank reported a significant net reversal in credit loss allowances of Rs1,725 million in the current period, as against a net charge of Rs3,269 million recognised in the prior period.
Commenting on the results, Basir Shamsie, president & CEO of JS Bank, said that JS Bank focus is on strengthening core earnings, optimising our deposit mix, and maintaining prudent risk management. “The sustained growth in net interest revenue alongside significant credit quality improvements reflects the resilience of our franchise. As we move forward, we remain committed to expanding our footprint, driving digital adoption, and creating sustainable value for our customers and stakeholders,” he added.
Copyright Business Recorder, 2026
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