Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating for JS Bank Limited, reflecting a stable outlook despite a rise in non-performing loans. The bank, following its acquisition of a majority stake in BankIslami Pakistan Limited, has reinforced its status as a fast-growing financial institution in the country.

JS Bank has leveraged its regional presence and diverse offerings to stabilize its market position. Its digital platform, "Zindigi," has bolstered the bank's tech-savvy image, with throughput reaching PKR 265 billion and downloads increasing to 13.31 million by the end of the third quarter of 2025.

The bank's deposit base grew to PKR 556 billion, marking an improvement in customer acquisition and retention. However, the bank's gross non-performing advances increased to PKR 23.3 billion, raising its infection ratio to 10.6% from 8.6% in the previous year.

JS Bank's non-markup income rose to PKR 10.9 billion, driven by increased fee, commission income, and gains on securities. Despite this, non-markup expenses grew by 11%, leading to a decrease in profitability to PKR 2.6 billion due to higher operating costs and reduced foreign exchange income.

The bank's equity base stood at PKR 46.4 billion, with a Capital Adequacy Ratio of 13.94%. The rating's stability hinges on maintaining asset quality, market share, income diversity, and a robust governance framework.