Karachi: JS Bank Limited has reported a 105% year-on-year increase in profit after tax for the first half of 2026, highlighting notable growth in its financial metrics. The bank's profit before tax rose to PKR 6.640 billion, a 90% increase from the previous year. This growth has propelled earnings per share to PKR 1.56, up from PKR 0.76.

According to JS Bank Limited, the financial statement showed a 16% expansion in total assets compared to December 2025. The bank's deposit base grew by 17%, with a 22% rise in non-remunerative deposits, reaching PKR 271.560 billion by June 2026. This shift has strengthened the non-remunerative deposit mix to 43%, up from 41% at the end of 2025, contributing to sustained core earnings amid declining interest rates. The bank maintained strict cost controls, keeping non-markup expenses relatively stable at PKR 14,678 million. Additionally, the bank closed its sixth Tier-2 Term Finance Certificate issue, raising PKR 4 billion, with PKR 3.5 billion received before the end of June.

A notable aspect of the financial results was the net reversal in credit loss allowances, amounting to PKR 1,725 million, compared to a net charge of PKR 3,269 million in the previous period. The bank's President and CEO, Basir Shamsie, emphasized the focus on strengthening core earnings, optimizing the deposit mix, and maintaining prudent risk management. The bank plans to continue expanding its footprint and driving digital adoption while creating sustainable value for its customers and stakeholders.