AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: JS Bank has reported a profit before tax of PKR 2.74 billion for the first quarter ending March 31, 2025. The bank’s profit after tax was PKR 1.29 billion, with earnings per share recorded at PKR 0.63, a decrease from PKR 0.84 in the same period last year.
The bank achieved growth in core earnings despite a reduction in the regulatory policy rate. Net interest income rose by 5% year-on-year to PKR 7.43 billion, contributing to a total revenue of PKR 10.61 billion for the quarter. Core fee income increased by 19% to PKR 1.31 billion, driven by improved average non-remunerative deposits and expansion across the balance sheet.
Operating expenses saw a controlled rise of 13% year-on-year. The bank’s coverage ratio improved to 72.4%, up from 70.7% at the end of 2024.
JS Bank’s average non-remunerative deposits increased by PKR 22 billion year-on-year, with period-end non-remunerative deposits at PKR 179.95 billion, accounting for 34% of the deposit mix. Total assets rose to PKR 670 billion from PKR 636 billion at the close of 2024. The net investment portfolio expanded by 19% to PKR 361 billion, and customer deposits increased to PKR 534 billion. Net advances were recorded at PKR 193 billion.
On a consolidated basis, JS Bank reported a profit before tax of PKR 7.49 billion and a profit after tax of PKR 3.10 billion, with consolidated earnings per share at PKR 1.18.
Basir Shamsie, President and CEO of JS Bank, stated that the bank’s performance reflects its strategic strength and commitment to delivering customer value, emphasizing future plans for innovation and expanding financial service access.