{
  "id": 17710279,
  "title": "Allied Bank declares over Rs23bn PAT in 9MCY26",
  "url": "https://urgent.news/2026/11/02/allied-bank-declares-over-rs23bn-pat-in-9mcy26",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T00:01:43.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446928/allied-bank-declares-over-rs23bn-pat-in-9mcy26"
  },
  "original_language": "en",
  "account": "Allied Bank reported a profit after tax (PAT) of Rs23,052 million for the nine months ended September 30, 2026, marking an 11 percent decline compared to the same period last year's PAT of Rs25,874 million. This decrease was primarily driven by higher borrowing expenses, deposit costs, and interest expenses on right of use assets, while fee income increased by 5 percent. The bank's total assets grew by 5 percent to reach Rs3,533 billion as of September 30, 2026, while net assets stood at Rs254 billion. Allied Bank's capital adequacy ratio remained robust at 23.89 percent, exceeding the minimum regulatory threshold of 11.5 percent. The bank continues to bolster its branch network, incorporating digital and smart branches, and upgrading existing locations to deliver improved banking services.",
  "summary": "KARACHI: Allied Bank continues to enhance its resilience through digital innovation, operational efficiency, and a strong focus on customer experience. These efforts are supported by prudent risk management, portfolio diversification, and a robust capital base, underpinning sustainable growth. The Bank recorded mark-up / interest income of Rs260,813 million for the nine months ended September 30,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}