Meezan Bank (MEBL) announced its 1Q2026 result today, where the bank recorded unconsolidated earnings of Rs. 23.4 billion (earnings per share of Rs. 13.0), up by 6 percent year-on-year (YoY) and 7 percent quarter-on-quarter (QoQ) The high profit was due to stronger-than-expected non-operating income, according to Topline Securities. Net spread slightly declined by 1 percent […]
United Bank Limited posted its highest-ever quarterly profit in the first quarter of 2026, reporting a consolidated profit after tax of Rs. 48.42 billion, while earnings per share rose to Rs. 19.33, according to the bank’s financial results and research snapshot shared by Arif Habib Limited. The latest quarterly result marks a 34 percent increase […]
The Bank of Punjab (BOP) has announced that its Board of Directors has approved a one-year extension in the employment contract of its President and Chief Executive Officer, Zafar Masud. The decision was taken during the bank’s 330th emergent Board meeting held on April 13, 2026, according to a notice submitted to the Pakistan Stock […]
Appoints Two Deputy CEOs to Lead Treasury and Investment, and Digital Transformation and Operations Kuwait: In a strategic move aimed at strengthening its journey towards leadership, innovation and sustainable growth, Warba Bank announced a management restructuring at its executive level to align with its vision to deliver integrated banking solutions in compliance with Sharia principles, while […]
Abu Dhabi: As part of its strategy to strengthen the infrastructure of the UAE’s capital markets, the Central Bank of the UAE (CBUAE) has announced the appointment of VERMEG, a global provider of mission-critical technology solutions for Market Infrastructures, Collateral Management, and Asset Servicing, as the lead technology partner of a consortium supporting the establishment […]
Systems Limited (SYS) reported a strong performance for 2025, posting a profit after tax (PAT) of Rs. 11,041 million (EPS: Rs. 7.49), up 48 percent from Rs. 7,460 million (EPS: Rs. 5.06) in CY24. The company also declared a final cash dividend of Rs. 2.00 per share, unchanged from the previous year. In the fourth […]
Bank of Khyber marked 2025 as a defining year—one that quietly reshaped its foundation while visibly strengthening its position in the financial landscape. It was not just a year of improved numbers, but a year of clarity, discipline, and forward direction. The bank delivered strong financial performance, reflecting the impact of focused execution. Profit after […]
KARACHI: The shareholders of Sindh Bank have approved the Annual Audited Financial Statements for the year ended December 31, 2025, during the Annual General Meeting held on March 30, 2026. The Bank reported a record-high Profit Before Tax (PBT) of Rs6.37 billion, marking a significant 155% increase compared to the previous year. This strong performance […]
Faysal Bank Limited (FBL) has launched Pakistan’s first-ever Mobile Tap and Withdraw service, enabling its customers to withdraw cash from Faysal Bank ATMs by simply tapping their smartphone, without the need of any physical card. With a clear focus on innovation, Faysal Bank aims to create a digital-inclusive and digital-first experience for its customers and by […]
KARACHI, April 2: Meezan Bank is stepping up its digital payments strategy, expanding its merchant network and accelerating adoption of instant payment solutions as Pakistan’s shift toward a cashless economy gathers pace, senior bank official said. The move comes as digital transactions continue to rise sharply across the country. Data from the State Bank of […]