Karachi, April 28, 2025 — JS Bank, one of Pakistan’s fastest-growing financial institutions, has announced its financial results for the first quarter ended March 31, 2025, reporting a strong performance despite a challenging macroeconomic environment.
The Bank posted an unconsolidated Profit Before Tax (PBT) of PKR 2.74 billion, while Profit After Tax (PAT) stood at PKR 1.29 billion. Earnings per share (EPS) for the period were recorded at PKR 0.63, compared to PKR 0.84 in the same quarter last year.
Despite a significant year-on-year reduction in the regulatory policy rate, JS Bank delivered steady growth in core earnings. Net interest income increased by 5% year-on-year to PKR 7.43 billion, while total revenue for the quarter reached PKR 10.61 billion. Core fee income demonstrated strong momentum, rising 19% to PKR 1.31 billion. The Bank attributed this growth to improvements in average non-remunerative deposits and volumetric expansion across its balance sheet.
Operating expenses were kept in check, showing a modest 13% year-on-year increase. Meanwhile, the Bank’s coverage ratio improved to 72.4%, up from 70.7% at year-end December 31, 2024.
On the deposit side, JS Bank reported robust growth in non-remunerative deposits, which increased by PKR 22 billion year-on-year. As of March 31, 2025, non-remunerative deposits totaled PKR 179.95 billion, making up 34% of the overall deposit mix. The Bank’s total assets rose to PKR 670 billion from PKR 636 billion at the end of 2024. The net investment portfolio expanded by 19% to PKR 361 billion, while customer deposits reached PKR 534 billion. Net advances were reported at PKR 193 billion, reflecting the Bank’s prudent lending strategy.
On a consolidated basis, JS Bank posted a PBT of PKR 7.49 billion and a PAT of PKR 3.10 billion. Consolidated EPS for the period stood at PKR 1.18.
Commenting on the results, Basir Shamsie, President & CEO of JS Bank, said “Our performance this quarter reflects the strength of our strategy and our continued focus on delivering value to our customers. As we move forward, we’re focused on scaling our impact through innovation, expanding access to financial services, and supporting the country’s economic progress.”
