Karachi: Bank Alfalah Limited has reported a 39.6% rise in its profit after tax for the first half of 2026, with earnings reaching PKR 21.32 billion. The Board of Directors approved the financial results for the period ending June 30, 2026, and declared a second interim cash dividend of PKR 1.5 per share, raising the total cash dividend payout for the half-year to PKR 3.0 per share.

According to Bank Alfalah, the increase in profitability was largely attributed to capital gains, alongside improved net interest income and efficient cost management. Earnings per share rose to PKR 6.76, compared to PKR 4.84 in the same period last year. The bank's total deposits reached PKR 2.66 trillion, with current deposits at PKR 1.15 trillion, reflecting its strategy to enhance its non-remunerative deposit mix.

The bank's net interest income increased by 5.0%, driven by improved spreads and growth in average current account deposits. Non-fund income saw a 46.0% growth due to capital gains, increased foreign exchange income, and higher fee income from various banking services. Bank Alfalah's capital adequacy ratio stood at 17.4% as of June 30, 2026, exceeding regulatory requirements.