{
  "id": 3384663,
  "title": "JS Bank reports 105pc PAT growth in 1HCY26",
  "url": "https://urgent.news/2026/08/25/js-bank-reports-105pc-pat-growth-in-1hcy26",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T23:57:24.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436530/js-bank-reports-105pc-pat-growth-in-1hcy26"
  },
  "original_language": "en",
  "account": "KARACHI: JS Bank Limited reported a remarkable 90 percent increase in profit before tax to Rs6.640 billion in the first half of 2026, compared to Rs3.488 billion for the same period in the previous year. The profit after tax also surged by an impressive 105 percent, reaching Rs3.199 billion from Rs1.557 billion. This growth translated into a higher earnings per share (EPS) of Re1.56, up from Re0.76.\n\nThe bank's financial stability was further evidenced by a 16 percent increase in total assets, growing from December 2025 levels. Total deposits expanded by 17 percent, primarily driven by a 22 percent rise in non-remunerative deposits, which totaled Rs271.560 billion by June 2026. This shift strengthened the non-remunerative deposit mix to 43 percent, up from 41 percent in December 2025, helping maintain core earnings despite falling interest rates.\n\nJS Bank managed to maintain its non-markup expenses relatively steady at Rs14,678 million through stricter cost discipline and controlled spending. The bank also successfully closed its sixth Tier-2 Term Finance Certificate (TFC) issue worth Rs4 billion, with Rs3.5 billion of the subscription received before the June 30, 2026 deadline.\n\nA notable development was a significant reversal in credit loss allowances, with a net reversal of Rs1,725 million in the current period, compared to a net charge of Rs3,269 million in the previous period. Speaking on the results, Basir Shamsie, president & CEO of JS Bank, emphasized the bank's focus on strengthening core earnings, optimizing its deposit mix, and maintaining prudent risk management. He added, \"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.\"",
  "summary": "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…",
  "key_points": [
    "JS Bank reports 90% increase in profit before tax to Rs6.640 billion in 1HCY26.",
    "Profit after tax surges by 105%, reaching Rs3.199 billion.",
    "Non-remunerative deposits rise to 43% of total deposits by June 2026."
  ],
  "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."
}