Bank Makramah Limited Reports a Turnaround with PKR 1.75 Billion Profit

Karachi: Bank Makramah Limited (BML) announced a significant financial turnaround, reporting a profit before tax of PKR 1.75 billion for the nine months ending September 30, 2025. This marks a remarkable recovery from a loss of PKR 5.05 billion in the same period last year. The bank credited strong income growth and unprecedented recoveries from non-performing loans for this positive change.

BML’s total income increased by PKR 2.18 billion, with non-fund income rising by 8% to PKR 2.95 billion. The bank attributed this to strategic investments, disciplined deposit management, and increased capital gains. Deposits grew by PKR 3.11 billion, reaching PKR 165.58 billion, a 1.92 percent rise from the previous year. On average, the deposit portfolio expanded by PKR 11.51 billion, demonstrating a focus on stable funding.

The bank maintained cost discipline, with operating expenses increasing by only 7.2 percent. Non-mark-up expenses were PKR 6.39 billion, compared to PKR 5.96 billion in the same period last year. BML achieved record recoveries from non-performing loans, with a net provision reversal of PKR 5.99 billion, significantly reducing the stock of non-performing loans from PKR 34.19 billion to PKR 28.88 billion.

The bank is nearing full capital compliance, supported by its sponsor shareholders. This includes the proposed amalgamation of “Global Haly” into BML and the conversion of an advance against share capital injection into equity shares. Additionally, the sale of Cullinan Tower, finalized at PKR 12 billion, will further strengthen the bank’s equity.

Looking ahead, BML is positioned to close the year with record results, reflecting its financial turnaround and strategic execution. The bank’s resurgence highlights the success of its governance and commitment to building a resilient and profitable institution.