Bank Alfalah reports Rs21.3bn profit in 6MCY26, up 40%

Bank Alfalah Limited (BAFL) reported a profit after tax (PAT) of Rs21.32 billion during the half-year ended June 30, 2026, representing an increase of 39.6% compared to Rs15.27 billion recorded in the same period last year.

According to the latest financial results, the Board of Directors of BAFL also declared a second interim cash dividend of Rs1.5 per share, i.e., 30%, cumulatively bringing the cash dividend payout for the six months to Rs3 per share, i.e., 60%.

Meanwhile, the earnings per share (EPS) stood at Rs6.76 during the period, up from Rs4.84 in the same period last year.

“The increase in profitability was primarily driven by capital gains, supplemented by improved net interest income and efficient management of operating costs while continuing to support core strategic objectives,” BAFL said in a statement.

The bank’s earned net interest income (NII) of Rs70.79 billion in 6MCY26, up from Rs67.43 billion registered in the same period last year. NII of the bank increased by 5% owing to improved spreads and steady growth in average current account deposits, BAFL said.

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Meanwhile, the non-markup income rose to Rs35.34 billion in 6MCY26, up by 46% as compared to the same period last year.

The growth comes “on the back of timely realisation of capital gains from active portfolio management, rise in foreign exchange income, and increased fee income generated through remittances, card portfolio, trade business, G2P Schemes, and alternate delivery channels,” said the bank.

Resultantly, BAFL’s total income rose to Rs106.14 billion during the half-year ended June 30, 2026.

On the balance sheet front, total deposits increased to Rs2.66 trillion, while current deposits increased to Rs1.15 trillion.

Gross advances totalled Rs1.16 trillion, with broad-based growth across the consumer, SME, and agriculture financing segments.

The bank’s capital adequacy ratio remained robust at 17.4% as of June 30, 2026.